- Strategy sold 32 Bitcoin, representing just 0.004% of its massive 843,706 BTC holdings, to support its perpetual preferred stock dividends.
- The sale is the company’s first net bitcoin reduction disclosed in a standalone 8-K and signals its willingness to monetize reserves for capital structure obligations.
- Investor Mark Moss interpreted the move as a strategic signal to rating agencies, not a change in Strategy‘s core bitcoin accumulation thesis.
On June 1, 2026, bitcoin-centric company Strategy disclosed its first-ever net sale of bitcoin, selling 32 coins between May 26 and May 31 at an average price of $77,135. The $2.5 million transaction was executed to support distributions on its STRC perpetual preferred stock. Consequently, the news initially impacted BTC prices, pushing them below $72,000 as markets reacted.
However, this sale is a rounding error relative to the firm’s total holdings. According to BitcoinTreasuries data, Strategy holds 843,706 bitcoin as of May 31. The 32 coins sold represent merely 0.004% of that treasury and were sold above the company’s average cost basis of $75,699 per coin.
Investor Mark Moss put it plainly on X, stating the sale was a maneuver to signal rating agencies. He explained it demonstrates tools the company would deploy to protect preferred holders if needed. Meanwhile, this action follows Strategy addressing concerns raised when S&P Global assigned it a B- rating in October 2025.
The agency had warned of a risk of forced liquidation if debt matured during a severe Bitcoin Price decline. Strategy subsequently retired $1.5 billion of convertible notes the week before the bitcoin sale. Founder Michael Saylor once explained, “Even if we were to sell one bitcoin, we’d be buying 10 to 20 more bitcoin.”
The sale’s timing also created a $20 million dispute on Polymarket, as The Block reported. Participants debated whether the transaction counted toward a May 31 deadline, given the disclosure was filed on June 1.
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