- Strategy sold 32 BTC for $2.5M, a tiny fraction of its ~800K BTC holdings overall.
- Saylor shifts focus to STRC financing and balance-sheet strength over BTC buys.
- Bitcoin weakness and $1.38B debt buyback signal shift from accumulation strategy.
Peter Schiff reignited criticism of Strategy after the company sold 32 Bitcoin to support payouts linked to its STRC preferred stock product. Schiff argued that the transaction could represent the beginning of broader Bitcoin sales if market conditions worsen.
However, many Bitcoin supporters quickly pushed back against that argument. They noted that Strategy still controls nearly 800,000 Bitcoin. Consequently, the latest sale represented only a tiny fraction of the company’s holdings.
Strategy disclosed the sale in a recent 8-K filing. The company sold Bitcoin for nearly $2.5 million. Additionally, the filing stated that the proceeds would fund distributions tied to perpetual preferred stock.
Executive Chairman Michael Saylor avoided directly addressing concerns surrounding the Bitcoin disposal. Instead, he shifted attention toward STRC and its role in Strategy’s financing plans. Saylor stated that the company wants STRC to become a leading credit instrument in global markets.
Moreover, Strategy continues to frame its financial strategy around shareholder value and Bitcoin per share growth. The company no longer focuses only on increasing its total Bitcoin reserves. Hence, management appears willing to use selective Bitcoin sales when necessary.
Related: Michael Saylor’s Strategy sells 32 BTC for $2.5M as MSTR falls 7%
Strategy Pauses Bitcoin Purchases
The company also paused Bitcoin purchases last week while repurchasing convertible debt. Strategy moved to buy back nearly $1.5 billion in convertible senior notes due in 2029. The repurchase will cost roughly $1.38 billion in cash.
Significantly, this marks a shift from the aggressive Bitcoin accumulation strategy that previously defined the company. Strategy instead prioritized balance sheet management and debt restructuring during recent market weakness.
The company sold the 32 Bitcoin at an average price of $77,135. Meanwhile, Bitcoin recently traded near $71,487 after declining sharply over the past week. The asset also dropped almost 8% during the last seven days.
Additionally, Bitcoin’s broader market weakness added weight to Schiff’s concerns. Bitcoin currently holds a market capitalization above $1.43 trillion despite the recent pullback.
Related: XRP Utility Surges as XRPL Activity Jumps 35% in Q1 2026: Messari
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