Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022

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.

The company said the proceeds are expected to help fund preferred stock dividend payments. Despite the sale, Strategy remains the largest corporate Bitcoin holder, with 843,706 $BTC as of May 31. The firm acquired its holdings at a total cost of $63.87 billion, with an average purchase price of $75,699 per Bitcoin.