Overview
- Strategy disclosed it sold 32 BTC between May 26 and May 31 for about $2.5 million at an average price of $77,135 per coin, according to an SEC Form 8‑K.
- The filing said proceeds will be used to pay distributions on its preferred stock, including the high‑yield STRC instrument.
- Markets reacted to the disclosure with Strategy shares falling roughly 4–6% and Bitcoin dropping about 2–3%, even though the 32 BTC is vanishingly small versus the company’s roughly 843,700‑coin holding.
- The move sits inside a wider funding strategy that uses preferred stock, at‑the‑market common sales (which raised about $128.3 million in the same period) and a designated USD reserve of roughly $900 million to cover recurring obligations.
- Investors should watch a June 7 shareholder vote on an STRC payout amendment that requires support from a majority of all outstanding STRC shares and could materially affect how often Strategy needs to sell or raise capital going forward.