Strategy sells 32 BTC in first Bitcoin sale since 2022; Stock falls on open
Summary
Strategy sold 32 BTC last week for about $2.5 million at an average price of $77,135, cutting its holdings slightly to 843,706 BTC. The sale was disclosed in an SEC filing and was aimed at funding preferred stock distributions. MSTR shares fell more than 6% in Monday trading, while Bitcoin dropped below $72,000 after the news. Strategy also sold 801,994 Class A shares for $128.3 million during the week and did not issue any preferred stock. The move comes amid growing scrutiny of Strategy’s financing model and broader signs that corporate Bitcoin accumulation is slowing, with some firms beginning to sell BTC to support capital returns or buybacks.
