Strategy sold 32 BTC worth $2.5M, its first Bitcoin sale since 2022. See what it means for BTC price and the company’s massive holdings.
Strategy Inc. sold Bitcoin for the first time in over three years. The company disclosed 32 BTC sold between May 26 and May 31. The sale fetched roughly $2.5 million.
According to an SEC Form 8-K filing, proceeds will fund preferred stock dividends. Bitcoin’s price dipped below $72,000 shortly after the news broke.
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Strategy’s $1.6B Bitcoin Loss Meets Analyst’s Bold Bottom Prediction
Strategy’s First Bitcoin Sale Since the 2022 Tax Move
The last time Strategy touched its Bitcoin holdings was December 2022. Back then, it sold 704 BTC in a tax-loss harvesting move.
Two days later, the firm repurchased 810 BTC, ending up with more than it started with. This latest sale is significantly smaller. At just 32 BTC, it represents 0.004% of the company’s total stack.
As of May 31, Strategy held 843,706 BTC. The company acquired those coins at a total cost of $63.87 billion. That works out to an average purchase price of $75,699 per Bitcoin.
Breaking: Strategy Sells Bitcoin for First Time Since 2022 Tax-Loss Trade
According to an 8-K filing with the SEC, Strategy sold 32 BTC between May 26 and May 31 for approximately $2.5 million, marking its first Bitcoin sale since it sold 704 BTC in December 2022 for tax-loss… pic.twitter.com/xrhRGfhy8w
— Wu Blockchain (@WuBlockchain) June 1, 2026
Wu Blockchain reported the filing details, noting the sale price averaged $77,135 per coin net of fees. The firm also raised $128.3 million by selling over 800,000 shares of its Class A common stock during the same period.
Earlier in May, Strategy’s Michael Saylor had addressed the possibility of selling Bitcoin to cover dividends. He reportedly said the company would buy 20 BTC for every one it sells.
The 32-coin sale sits well within that framework. Strategy’s USD Reserve stood at $900 million as of May 31, adding further context to the scale of this transaction.
Bitcoin Price Reacts as Market Watches Closely
Bitcoin dropped below $72,000 after the disclosure, according to Bull Theory. CoinGecko data shows BTC trading at $71,330.82, down 2.83% in 24 hours.
The weekly decline reached 8.10% at the time of reporting. Broader market conditions added weight to the selloff.
Analysts pointed to several pressure points. U.S. Bitcoin ETFs saw roughly $3 billion in outflows recently. Geopolitical tensions also weighed on sentiment.
BREAKING: Bitcoin just dropped below $72,000 after Michael Saylor's Strategy disclosed its first Bitcoin sale in 3.5 years.
In December 2022, Strategy sold 704 BTC to realize a tax loss, then bought back 810 BTC just 2 days later.
This sale is 32 BTC worth $2.5 million.… https://t.co/GinHgjH3zX pic.twitter.com/Fi3NskkIy1
— Bull Theory (@BullTheoryio) June 1, 2026
Some market watchers flagged $71,000 as a key support level. Others cited $65,000 as a possible downside target if that level fails to hold.
Not all signals pointed down, though. Public companies collectively net bought 219 BTC in the week prior. Some traders saw the dip as a potential entry point.
Strategy’s move, while notable for its rarity, did not alter the firm’s position as the largest corporate Bitcoin holder. It still controls roughly 4% of Bitcoin’s total supply.
What the SEC Filing Reveals About Strategy’s Finances
The Form 8-K offered more than just Bitcoin data. Strategy declared dividends across several preferred stock classes.
STRF and STRD shareholders will receive $2.50 per share for the quarter ending June 30. STRK holders get $2.00 per share. The Variable Rate STRC stock carries a monthly dividend at an 11.50% annual rate.
The company also confirmed its USD Reserve balance at $900 million.
Strategy set up this reserve in December 2025 to cover preferred stock dividends and debt interest. The Bitcoin sale proceeds feed directly into this fund. It signals a structured approach to liquidity management rather than a shift in Bitcoin strategy.
Strategy still holds over $60 billion worth of Bitcoin at current prices. The 32-coin sale does little to change that picture.
What it does show is that the company is willing to use its Bitcoin position as a financial tool when needed. The SEC filing confirmed all preferred dividend payments are due June 30, 2026.
