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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.
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