- Strategy sold 32 BTC for $2.5M, its first Bitcoin sale since a 2022 tax-loss trade.
- MSTR fell over 7% in pre-market trading after the SEC filing confirmed the sale.
- The company still held 843,706 BTC worth $63.87B after the May 26–31 sale.
Strategy Inc. has sold part of its Bitcoin holdings for the first time since its 2022 tax-loss trade, according to an SEC filing. Per the report, the company sold 32 BTC between May 26 and May 31 for about $2.5 million, at an average price of $77,135.
The filing landed as MSTR came under pressure on Monday. The stock briefly fell more than 7% in pre-market trading, slipping below $150 and touching $147.49.
Strategy’s 32 BTC Sale Breaks Its 2022 Hold Pattern
The sale was small compared to Strategy Inc.’s total reserve. Still, it carried weight because of the company’s long-running accumulation strategy. As of May 31, the firm held 843,706 BTC acquired for $63.87 billion.
That position had an average purchase price of $75,699 per Bitcoin. The 32 BTC sale, therefore, represented only a narrow movement in the balance sheet, not a broad reduction in holdings.
The company said proceeds from the transaction are expected to fund preferred stock dividends. That detail separated the sale from the December 2022 transaction, when Strategy sold 704 BTC for tax-loss harvesting.
In that earlier move, the company later repurchased more Bitcoin two days after the sale. The latest filing did not describe a matching repurchase in the data provided.
Saylor Had Already Floated Bitcoin Sales Before Year-End
Michael Saylor had previously addressed the possibility of selling some holdings during the company’s first-quarter earnings call. He later explained the point in an interview with Natalie Brunell.
“Any model that we put together that’s limited only to equity or only to credit or only to Bitcoin always underperforms,” Saylor said.
He added that it was “not unlikely” the company would sell some Bitcoin before year-end. His comments linked the idea to a seven-year focus on maximizing token exposure per share.
CEO Phong Le also said the company would sell on a cost basis. He said that the approach would allow the firm to break even and avoid tax implications.
MSTR Falls 7% After SEC Filing And Coinbase Prime Transfer
MSTR shares fell after the filing confirmed the sale. During pre-market hours on June 1, Eastern Time, MSTR dropped 7.29%, losing $11.60 at the session low.
The move also came as Bitcoin traded lower on the day. The token’s price fell 2.86% to about $71.8K at press time, adding pressure on a stock widely treated as a proxy for the asset.
However, the filing showed that Strategy Inc. still held one of the largest corporate Bitcoin positions after the transaction. The sale changed the tone around its reserve strategy, but not the scale of its holdings.
Related: Will Bitcoin Price Drop to $60K Next or Hold Support?
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