Bitcoin news: Strategy sold 32 BTC for $2.5 million in late May, filing shows
Summary
Strategy disclosed its first bitcoin sale, selling 32 BTC between May 26 and May 31 at an average net price of $77,135, for about $2.5 million. The proceeds are intended to fund preferred-stock distributions. As of May 31, the company still held 843,706 bitcoin with an average purchase price of $75,699, meaning the sale was above its cost basis. Bitcoin was trading below $72,000 on Monday.
