Strategy sells 32 bitcoin for $2.5M, first sale since 2022, to fund preferred dividends

Strategy MSTR Bitcoin treasury BTC Monetization Program BTC Phong Q. Le

Strategy disclosed on June 1, 2026 that it sold 32 BTC between May 26 and May 31 at an average of $77,135, about $2.5M in total. It was the company's first bitcoin sale since late 2022, and the proceeds were expected to fund distributions on preferred stock. The filing did not indicate a change in the broader bitcoin buying strategy.

32 BTC sold May 26-31, 2026 at about $77,135 average (about $2.5M)
First bitcoin sale since late 2022
Proceeds expected to fund distributions on preferred stock
Filing did not signal a change in the broader buying strategy

MSTR around the story · hourly24 h reaction ▼ 10.00%

Moves this explains

BTC−6.54%Jun 1 · Fell 6.5% to below $70,000 as spot bitcoin ETFs kept seeing net outflows and Strategy disclosed it had sold 32 BTC, its first sale since 2022. Analysts also pointed to strong AI equities drawing liquidity away from crypto.ETH−7.33%Jun 1 · Fell 7.3% as bitcoin dropped below $70,000 after Strategy disclosed its first bitcoin sale since 2022, and spot ETF outflows hit records. Analysts also pointed to an AI-stock selloff as a broader headwind.COIN−6.96%Jun 2 · Coinbase fell 7.0% as bitcoin dropped 3.9% and MSTR fell 8.1%, extending the sell-off that followed Strategy's bitcoin sale disclosed on June 1. Broadcom's fiscal Q2 results were released at 16:21 ET on June 3, after the cash session, so they do not explain this day's move.MSTR−6.57%May 31 · Strategy fell 6.57% to $149.11, and the company disclosed that it sold 32 bitcoin for about $2.5 million, its first sale since 2022, to fund preferred dividends. Bitcoin fell 3.07% the same day. Shares fell more than 6% intraday on the disclosure, according to coverage.MSTR−9.44%Jun 1 · Strategy fell a further 9.44% to $135.04 as bitcoin dropped 6.54% and ether dropped 7.33%, with Coinbase down 4.32%. The decline followed the June 1 disclosure that the company had sold bitcoin for the first time since 2022. Among the 28 instruments we track, 16 fell and 12 rose, and the S&P 500 rose 0.37%.HOOD−5.81%May 31 · Robinhood fell 5.81% on 2026-06-01 with the crypto complex: Strategy -6.57%, Coinbase -4.80% and bitcoin -3.07%, while the S&P 500 barely moved (-0.13%). Strategy's disclosed sale of 32 bitcoin, its first since 2022, was the main crypto-sentiment news reported.

Source

Arkham Research

Jun 1, 2026

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