finance
Strategy Inc. Sells 32 BTC for $2.5M to Fund STRC Distributions as Bitcoin Trades Below $60,000
Strategy Inc. sold 32 Bitcoin for about $2.5 million in late May, its first sale since 2022. The transaction funded distributions on its 11.5% perpetual preferred stock.
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Bitcoin traded below $60,000 on Friday after Strategy Inc. disclosed its first Bitcoin sale since 2022. 5 million in late May. 5%.
The sale broke Michael Saylor’s “never sell” pledge. Strategy has an average cost basis near $75,700 per Bitcoin and is sitting on more than $10 billion in unrealized losses. MSTR shares trade roughly 70% below their 2025 high.
Strategy now faces three competing camps: Bitcoin holders who want Saylor to never sell, MSTR equity traders chasing leveraged exposure, and STRC preferred shareholders.
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