Strategy sold 32 Bitcoin between May 26 and May 31 to fund preferred stock dividends. The sale, worth about $2.5 million, marks the company's first disposal of the asset since 2022. Bitcoin prices fell following the disclosure on June 1.
The transaction involved an average price of $77,135 per Bitcoin and represented just 0.0038 percent of Strategy's total holdings of 843,706 Bitcoin. The company said the proceeds would cover distributions on preferred stock such as STRC. Bitcoin fell below $70,000 on the news, reaching a six-week low near $69,690 before a partial recovery. Standard Chartered analyst Geoffrey Kendrick said the move could mark the start of Ether outperforming Bitcoin, with the ETH-BTC ratio potentially rising to 0.04 by year-end. Analysts including Tom Lee of Bitmine called the sale typical bottom behavior and economically immaterial. A separate dispute emerged on Polymarket, where traders contested whether the sale qualified under a market deadline because the regulatory filing occurred on June 1.
