Bitcoin below $72,000 as Strategy sold 32 bitcoin sale for $2.5 million in late May
Key takeaways
- By Shaurya Malwa, James Van Straten Updated Jun 1, 2026, 12:21 p.m.
- Bitcoin briefly dropped under the $72,000, per CoinDesk data, with over $90 million in BTC-tracked futures positions liquidated shortly on the move.
- The disposal is Strategy's first disclosed bitcoin sale and the proceeds are earmarked to fund distributions on its preferred stock, according to a footnote in the filing.
By Shaurya Malwa, James Van Straten Updated Jun 1, 2026, 12:21 p.m. Published Jun 1, 2026, 12:07 p.m. 1 min read Make preferred on Strategy Executive Chairman Michael Saylor. (Nikhilesh De)What to know: Strategy sold 32 bitcoin between May 26 and May 31 for about $2.5 million at an average net price of $77,135 per coin, according to a new 8-K filing.The sale, the company’s first disclosed bitcoin disposal, will be used to fund distributions on its preferred stock, a footnote in the filing said.Strategy still held 843,706 bitcoin as of May 31 at an average purchase price of $75,699, leaving the sale price above its cost basis but above bitcoin’s roughly $73,400 market price on Monday.Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday.
Bitcoin briefly dropped under the $72,000, per CoinDesk data, with over $90 million in BTC-tracked futures positions liquidated shortly on the move.
The disposal is Strategy's first disclosed bitcoin sale and the proceeds are earmarked to fund distributions on its preferred stock, according to a footnote in the filing.