Strategy Sells 32 BTC — First Bitcoin Sale Since 2022!

Strategy disclosed in an SEC 8-K filing that it sold 32 BTC between May 26 and May 31 for approximately $2.5 million — its first Bitcoin sale since December 2022, when it offloaded 704 BTC for tax-loss harvesting before repurchasing within days. This time, the proceeds are earmarked to fund preferred stock dividends rather than any strategic repositioning.

The sale is tiny relative to Strategy's holdings: as of May 31, the company held 843,706 BTC acquired at a total cost of $63.87 billion, with an average purchase price of $75,699 per coin. At current prices, the 32-BTC sale represents a rounding error on the balance sheet.

Still, the optics matter. Strategy has built its brand around relentless Bitcoin accumulation, and any sale — however small — will draw scrutiny. The dividend-funding rationale signals that preferred stock obligations are now a real cash-flow consideration, one that could recur if BTC price pressure persists.