Strategy’s Bitcoin sale raises concerns over market impact as shares drop 6%
Strategy Inc. sold 32 BTC to cover preferred stock dividends, marking its first net divestment since 2022. This sale resulted in a 6% drop in the company's shares, despite the sale being a small fraction of its total Bitcoin holdings. The company still holds approximately 843,706 BTC, valued at over $65 billion.
- ▪Strategy Inc. sold 32 BTC for approximately $2.5 million at an average price of $77,135 per coin.
- ▪The sale was disclosed in a SEC 8-K filing on June 1, leading to a 6% drop in MSTR shares.
- ▪The proceeds were used to cover distributions on the company's perpetual preferred stock.
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Strategy’s Bitcoin sale raises concerns over market impact as shares drop 6% The largest corporate Bitcoin holder sold 32 BTC to cover preferred stock dividends, marking its first net divestment since 2022. Share Add us on Google by Editorial Team Jun. 3, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Strategy Inc., the company formerly known as MicroStrategy and the largest corporate holder of Bitcoin on the planet, sold 32 BTC…
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