Michael Saylor’s Strategy sells 32 BTC for $2.5M as MSTR falls 7%
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Strategy Inc. sold 32 BTC between May 26 and May 31 for about $2.5 million at an average price of $77,135, its first Bitcoin sale since a 2022 tax-loss trade, according to an SEC filing. The disclosure left the company with 843,706 BTC worth $63.87 billion and pressured MSTR stock, which fell over 7% in pre-market trading to as low as $147.49, highlighting short-term market sensitivity in the crypto and Bitcoin investment space.
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- Strategy sold 32 BTC for $2.5M, its first Bitcoin sale since a 2022 tax-loss trade.
- MSTR fell over 7% in pre-market trading after the SEC filing confirmed the sale.
- The company still held 843,706 BTC worth $63.87B after the May 26–31 sale.
Strategy Inc. has sold part of its Bitcoin holdings for the first time since its 2022 tax-loss trade, according to an SEC filing. Per the report, the company sold 32 BTC between May 26 and May 31 for about $2.5 million, at an average price of $77,135.
The filing landed as MSTR came under pressure on Monday. The stock briefly fell more than 7% in pre-market trading, slipping below $150 and touching $147.49.
Strategy’s 32 BTC Sale Breaks Its 2022 Hold Pattern
The sale was small compared to Strategy Inc.’s total reserve. Still, it carried weight because of the company’s long-running accumulation strategy. As of May 31,…
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