Strategy Sells Bitcoin for First Time Since 2022, Offloading $2.5 Million in BTC

Jun 1, 2026

Strategy sold $2.5 million in Bitcoin for the first time since 2022, a major pivot from its 'never sell' policy. The sale of 32 BTC is intended to fund dividends for its preferred stock. The news prompted a drop in both Strategy's (MSTR) share price and the price of Bitcoin, amid a broader cooling trend among corporate crypto treasuries.

Strategy bitcoin sale

▪The company's last sale in December 2022 was a tax-loss transaction, where it sold 704 BTC and repurchased 810 BTC two days later.
▪This was Strategy's first reported Bitcoin sale since December 2022.
▪Between May 26 and May 31, 2026, Strategy sold 32 Bitcoin for $2.5 million at an average price of $77,135 per coin.

STRC preferred stock dividend funding

▪Strategy CEO Phong Le stated the company aims to be a net aggregator of bitcoin, increasing its bitcoin per share over the long term.
▪Proceeds from the Bitcoin sale are expected to be used to fund distributions on Strategy's preferred stock.
▪The sale is part of a new strategy to actively manage its balance sheet, a pivot from its longstanding "never sell" approach.
▪Executive Chairman Michael Saylor said the company will buy 10 to 20 bitcoin for every one it sells to cover dividend obligations.

Strategy bitcoin holdings valuation

▪In the same late-May period, Strategy also sold 801,994 shares of common stock, raising $128.3 million.
▪The total cost for these holdings was about $63.9 billion, implying a paper loss of approximately $2.9 billion at current prices.
▪Following the sale, Strategy's total holdings dropped to 843,706 BTC.

Corporate bitcoin treasury landscape

▪Several other digital asset treasury firms, including Nakamoto Holdings and Empery Digital, have also recently sold crypto holdings.
▪Despite a selling trend, some firms like Bitmine and Strive continued to buy digital assets in May 2026.
▪Corporate treasury Bitcoin purchases slowed to a combined 144 BTC in the last week of May, down from 603 BTC the previous week.

MSTR stock performance decline

▪The price of Bitcoin also fell on the news, dropping below $72,000 to its lowest level since April 13, 2026.
▪Following the announcement on June 1, 2026, Strategy's (MSTR) shares fell by more than 5.8%.