Strategy Sells 32 Bitcoin for $2.5 Million as Holdings Slip to 843,706 BTC

Bitcoin treasury firm Strategy has sold 32 Bitcoin between May 26 and May 31 for approximately $2.5 million, with an average selling price of $77,135 per BTC. The transaction marks a rare reduction in the company’s Bitcoin position and was disclosed through a regulatory filing.

The company said the proceeds will be used to support distributions tied to its preferred stock offerings. Following the sale, Strategy’s total Bitcoin holdings stand at 843,706 BTC, making it the largest publicly traded corporate holder of the digital asset.

Strategy Still Controls More Than 4% of Bitcoin Supply

Despite the sale, Strategy’s Bitcoin reserve remains substantial. The company acquired its holdings at an average cost of $75,699 per Bitcoin, representing a total investment of roughly $63.9 billion, including fees and expenses.

At current market prices, the holdings are valued near $61 billion. The position accounts for more than 4% of Bitcoin’s fixed 21 million supply, highlighting the firm’s continued commitment to its long-term Bitcoin strategy.

Preferred Stock and Capital Programs Remain Key

Strategy also sold nearly 802,000 MSTR shares last week, raising about $128.3 million through its at-the-market program. The company recently expanded capital-raising capacity through additional common and preferred stock offerings.

Its STRC preferred stock continues to offer an annualized dividend rate of 11.5%, unchanged for a fourth consecutive month. Management believes these financing tools provide flexibility to support Bitcoin acquisitions, manage liabilities, and maintain shareholder distributions while navigating changing market conditions.