Bitcoin juggernaut Strategy stock drops as it sells coins for the first time since 2022
Key takeaways
- It was the company’s first bitcoin sale since late 2022.
- The move brings Strategy’s stock price to $151 per share, or roughly flat year to date.
- What’s behind the move: The bitcoin investor and business software firm recently signaled plans to shift from longtime bitcoin stockpiling to more active balance sheet management.
Bitcoin juggernaut Strategy stock drops as it sells coins for the first time since 2022 David Hollerith · Senior Reporter Updated Mon, June 1, 2026 at 10:03 PM GMT+7 2 min read BTC-USD MSTR What happened: Strategy (MSTR) stock fell more than 6% on Monday morning after the largest public holder of bitcoin disclosed the sale of 32 bitcoin at a price of $2.5 million. It was the company’s first bitcoin sale since late 2022.
The move brings Strategy’s stock price to $151 per share, or roughly flat year to date. Bitcoin (BTC-USD), meanwhile, is down more than 2% over the past 24 hours.
What’s behind the move: The bitcoin investor and business software firm recently signaled plans to shift from longtime bitcoin stockpiling to more active balance sheet management. Strategy owns more bitcoin than any other publicly traded entity.