Strategy sold 32 bitcoin between May 26 and May 31 at an average price of $77,135, raising about $2.5 million. The company disclosed the transaction in an 8-K filing on June 1 and said the proceeds will fund distributions on its STRC perpetual preferred stock.
Executive Chairman Michael Saylor commented on the sale on social media. He wrote that the goal is to make STRC the best credit instrument in the world. Strategy still held more than 843,700 bitcoin as of May 31 at an average cost of $75,699 per coin. The sale represented less than 0.004 percent of its holdings.
