Strategy Conducts First Bitcoin Sale Since 2022, Generating $2.5 Million

Strategy sold 32 Bitcoin last week at an average price above $77,000 per BTC to support preferred stock distributions, marking its first disposal since 2022.

Editorial Team · Jun 1, 2026 · 2 min read · Source: cointelegraph.com

Strategy offloaded 32 Bitcoin (BTC) last week, raising approximately $2.5 million at an average price of $77,135 per coin. This transaction reduced the company’s Bitcoin holdings slightly, from 843,738 BTC to 843,706 BTC, according to a recent filing with the US Securities and Exchange Commission. The proceeds will be directed toward funding dividend payments on its preferred stock.

The announcement triggered a notable drop in Strategy’s Nasdaq-traded shares, which fell more than 6% shortly after markets opened. At the time, shares traded near $148.70 each. Meanwhile, Bitcoin’s market price dipped below $72,000 following the disclosure, trading around $71,939.

This sale marks Strategy’s first reported Bitcoin disposal since a 2022 tax-loss sale, when it sold 704 BTC and repurchased 810 BTC within days. The move comes amid increased investor scrutiny of the company’s preferred stock financing model and concerns over whether dividend obligations might compel further Bitcoin sales.

In addition to the Bitcoin sale, Strategy also sold nearly 802,000 Class A common shares, generating $128.3 million in proceeds. Unlike past weeks, there were no preferred stock offerings reported, consistent with external estimates that predicted no recent stock buys.

Industry observers were caught off guard by the Bitcoin sale, especially after Strategy executive chairman Michael Saylor posted on social media over the weekend, highlighting a bubble chart of the company’s historical Bitcoin purchases but making no mention of the recent disposal. The lack of communication about the sale drew criticism, as Saylor typically announces new purchases promptly.

Meanwhile, crypto intelligence firm Arkham reported that Strategy moved Bitcoin to Coinbase Prime just prior to the sale, fueling further speculation. Strategy’s CEO Phong Le had previously signaled that the company might sell Bitcoin in the future but affirmed the intention to increase overall Bitcoin holdings and Bitcoin per share over time.

This development aligns with a broader trend among Bitcoin treasury companies, some of which have slowed buying or started trimming their positions after months of accumulation. For example, Nasdaq-listed ProCap Financial recently sold Bitcoin to facilitate debt repurchases, indicating a potential shift in corporate Bitcoin demand dynamics.