Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin Michael Saylor says Strategy aims to make STRC the world s best credit instrument after the company sold bitcoin to help fund preferred stock distributions By James Van Straten | Edited by Sheldon Reback Jun 1, 2026, 4:06 p.m. 2 min read Make preferred on Executive Chairman MicroStrategy, Michael Saylor (CoinDesk) What to know : Strategy sold 32 bitcoin for roughly $2.5 million, with proceeds expected to fund distributions on its STRC preferred stock. "Our goal is to make STRC the best credit instrument in the world," Saylor said on X, signaling Strategy s growing focus on its preferred stock. The sale has sparked comparisons to the company s December 2022 bitcoin sale near the market bottom, prompting speculation the company may have once again sold near a market bottom. Disclosure: The author of this story owns shares in Strategy (MSTR). Strategy (MSTR) Executive Chairman Michael Saylor appeared to underscore the company s focus on its perpetual preferred stock, making STRC the focus of his first public comment after the largest publicly traded holder of bitcoin BTC $ 72,675.37 sold the cryptocurrency to fund dividend payments on the instrument.