Strategy sells 32 BTC in first disclosed disposal
Strategy sold a small portion of its Bitcoin holdings, marking its first disclosed sale of the cryptocurrency. The company said proceeds from the transaction would be used to fund distributions on its preferred stock, adding a new wrinkle to one of the most closely watched corporate Bitcoin strategies.
Highlights
- Strategy sold 32 Bitcoin for about $2.5 million at an average net price of $77,135.
- The company said proceeds will fund distributions on preferred stock.
- Strategy still held 843,706 Bitcoin as of May 31.
- The sale was small but notable because it was the company’s first disclosed Bitcoin disposal.
Sale filed with SEC
Strategy sold 32 Bitcoin between May 26 and May 31 for about $2.5 million, according to a Form 8-K filed Monday. The average net sale price was $77,135 per Bitcoin, after fees and expenses, CoinDesk reported.
The sale price was above the company’s average purchase price of $75,699 per coin and also above Bitcoin’s Monday market price near $73,400 earlier in the day and below $72,000 later in trading.
The company said in a filing footnote that proceeds from the Bitcoin sale are expected to be used to fund preferred stock distributions. This was Strategy’s first disclosed Bitcoin disposal.
Holdings remain large
The transaction was tiny relative to Strategy’s overall Bitcoin position. As of May 31, the company still held 843,706 Bitcoin, acquired for an aggregate purchase price of $63.87 billion. The 32-Bitcoin sale represented roughly 0.004% of its reported holdings.
The filing also showed that Strategy sold 801,994 shares of MSTR common stock during the same May 26-31 period, generating $128.3 million in net proceeds under its at-the-market offering program. Its remaining available issuance capacity for MSTR stock stood at $26.14 billion as of May 31.
A new signal for Bitcoin treasury companies
The sale matters less because of its size and more because of what it shows about treasury management. Strategy has built its public identity around Bitcoin accumulation, but the filing indicates that even a large corporate holder may use small Bitcoin sales to meet financing obligations tied to preferred equity.
The company’s preferred stock structure also remains central. Strategy maintained the annual dividend rate on its variable-rate Series A Perpetual Stretch Preferred Stock at 11.50%, and its U.S. dollar reserve stood at $900 million as of May 31.
As previously covered, Strategy accumulates nearly 4% of Bitcoin supply with strong 2026 gains.
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