Strategy sells 32 Bitcoin for $2.5 million to help fund preferred stock dividends. The sale marks its first Bitcoin sale since 2022.
Strategy has sold Bitcoin for the first time in more than 3 years. According to a recent SEC filing, Between May 26 and May 31, the company sold 32 BTC worth approximately $2.5 million. This is the first time that Strategy has sold Bitcoin since December 2022. The company was selling Bitcoin for tax loss harvesting and repurchasing more Bitcoin 2 days later.
Strategy Uses Bitcoin Sale to Support Dividend Payments
It is a different story this time. The proceeds of the sale will be used to pay for distributions on its preferred stock, Strategy said. Therefore, the transaction was not part of a tax strategy. The company, however, fulfilled its financial obligations with shareholders by making a net sale of Bitcoin.
BREAKING: Michael Saylor’s Strategy just sold 32 $BTC for $2.5M, for the first time since 2022. pic.twitter.com/SShUgZCqXj
— Ash Crypto (@AshCrypto) June 1, 2026
The announcement follows increasing investor interest in dividend payments. A lot of investors were seeking clarity on how Strategy would cover those obligations while maintaining its aggressive Bitcoin accumulation strategy. The company, therefore, gave more details in its latest filing.
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Even after the sale, Strategy is still the world’s biggest corporate Bitcoin holder. As of May 31, the company owned 843,706 BTC. The company paid $63.87 billion for those assets. In addition, it has an average price of $75,699 per Bitcoin.
Only a small part of the company’s assets was sold. Despite the sale of 32 BTC, Strategy still has over 843,000 BTC in their possession. So it’s not a significant change in the company’s overall Bitcoin strategy.
Earlier Strategy said that the sale of Bitcoin will be rare. The company also indicated it would only consider selling under certain financial terms. As a result, this latest transaction garnered a lot of attention in the crypto market.
In a CNBC interview in May, Strategy CEO Phong Le spoke about the company’s capital management. He said that the company’s top priority is to create shareholder value. In addition, he said that Strategy would consider all financial options if needed, he said.
Investors Watch Closely as Strategy Clarifies Bitcoin Plans
Recently, Executive Chairman Michael Saylor also mentioned the idea of selling Bitcoin to fund dividend payments. Those comments raised some investor concerns. There was a concern that in the future, Strategy might start selling off more of its Bitcoin holdings.
The company later clarified its position, though. Any Bitcoin transactions would be conducted with great care, Strategy explained. Moreover, management stressed that it still views Bitcoin as its primary treasury asset and long-term investment.
This is a new sale, as opposed to the company’s famous sale in 2022. During December 2022, Strategy sold 704 BTC for tax loss harvesting. The company, however, bought back Bitcoin just 2 days later. The current sale, however, is a real sale to raise cash to pay dividends.
The news had an impact on market sentiment in the meantime. After the reports, Bitcoin dipped below the $72,000 mark. Meanwhile, Strategy’s stock price also took a hit as investors weighed the implications of the move.
Despite that, a number of market participants commented on the size of the transaction in comparison to Strategy’s total Bitcoin holdings. The company has just sold 32 BTC, which is a mere fraction of its holdings. Thus, the sale has little impact on its Bitcoin exposure.
Investors will be keeping a close eye on Strategy’s finances in the future. The company is still very focused on Bitcoin and is mindful of its obligations to shareholders. This is a symbolic sale, but Strategy still has one of the world’s biggest Bitcoin holdings. As such, it will be a subject of keen interest for both cryptocurrency investors and the broader financial markets.