Bitcoin below $72,000 as Strategy sold 32 bitcoin sale for $2.5 million in late May
Strategy (MSTR) sold 32 bitcoin for $2.5 million to fund preferred stock distributions, marking its first disclosed sale of the asset. Following the news, Bitcoin's price dipped below $72,000 amid market volatility.
Why it matters
As a major corporate holder of Bitcoin, any selling activity by Strategy is closely watched by investors as a potential signal for market sentiment.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin below $72,000 as Strategy sold 32 bitcoin sale for $2.5 million in late May The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy s preferred stock. By Shaurya Malwa , James Van Straten Updated Jun 1, 2026, 12:21 p.m. Published Jun 1, 2026, 12:07 p.m. 1 min read Make preferred on Strategy Executive Chairman Michael Saylor. (Nikhilesh De) What to know : Strategy sold 32 bitcoin between May 26 and May 31 for about $2.5 million at an average net price of $77,135 per coin, according to a new 8-K filing. The sale, the company’s first disclosed bitcoin disposal, will be used to fund distributions on its preferred stock, a footnote in the filing said. Strategy still held 843,706 bitcoin as of May 31 at an average purchase price of $75,699, leaving the sale price above its cost basis but above bitcoin’s roughly $73,400 market price on Monday. Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday.
The article reports on financial filings and market movements using objective data.
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