Strategy, the company led by Michael Saylor, has sold 32 Bitcoins for approximately $2.5 million, according to a recent SEC filing. The transaction was completed between May 26 and May 31 at an average price of $77,135 per BTC, marking the company’s first Bitcoin sale since its 2022 tax-loss harvesting trade. This ends the Saylor buy-and-hold strategy for the cryptocurrency.
Why Did Strategy Sell Bitcoin After Years of Buying?
According to the SEC filing, the sale involved 32 Bitcoin at an average price of $77,135 per coin. While the transaction is relatively small compared to the company’s massive Bitcoin holdings.
The company said the proceeds from the sale are expected to be used to help fund dividend payments on its preferred stock.
The move was not entirely unexpected. During the company’s first-quarter earnings call, Saylor suggested that selling a small amount of Bitcoin could help improve the firm’s Bitcoin-per-share metric over the coming years.
CEO Phong Le also indicated that any sales would likely occur near the company’s cost basis, allowing Strategy to avoid significant tax consequences while maintaining its long-term Bitcoin strategy.
How Much Bitcoin Does Strategy Still Own?
Despite the sale, Strategy remains the largest corporate Bitcoin holder, holding 843,706 BTC worth more than $61 billion at current prices. The 32 BTC sale reduced holdings by only about 0.004%, making it largely symbolic compared with the firm’s aggressive accumulation strategy.
The firm acquired its holdings at a total cost of $63.87 billion, with an average purchase price of $75,699 per Bitcoin.
In fact, Strategy has added approximately 171,000 Bitcoin during 2026 alone, reinforcing its position as the largest publicly traded corporate holder of Bitcoin.
Strategy’s (MSTR) Stock Fall 5%
The announcement came as Strategy’s stock faced additional pressure.
Shares of MSTR fell around 5% to roughly $151 after investors digested both the Bitcoin sale and the company’s latest stock issuance activity.
Between May 26 and May 31, Strategy sold 801,994 shares through its at-the-market offering program, raising approximately $128.3 million in net proceeds.
The combination of share sales and Bitcoin sales fueled concerns among some investors about how the company plans to manage capital going forward.
Polymarket Trader Turns $19K Bet Into Potential $200K Win
The sale has also created an unexpected winner. A Polymarket trader known as “Surprised-Legacy” reportedly turned a $19,610 wager into a potential $200,000 payout by betting that Strategy had sold Bitcoin.
The prediction market remains unresolved as participants await final confirmation through additional company filings.
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