MicroStrategy Sells 32 BTC for $2.5M, Shares Drop 6%
MSTR•MicroStrategy sold 32 BTC between May 26 and May 31 for about $2.5 million at an average price of $77,135, slightly above its $75,699 cost basis. The company's shares declined roughly 6% following the June 1 SEC filing, and the proceeds will fund June 30 preferred stock dividends.
1. Sale Details
MicroStrategy sold 32 bitcoin between May 26 and May 31 for approximately $2.5 million, an average of $77,135 per coin, just above its $75,699 cost basis. The transaction represents about 0.004% of its 843,706 BTC holdings.
2. Stock Reaction and Dividend Funding
Shares fell roughly 6% after the June 1 filing; the $2.5 million proceeds will fund cash dividends declared for June 30 across all five preferred stock series.
3. Management Rationale
Executive chairman Michael Saylor emphasized the sale was routine treasury management to meet liquidity obligations, not a change in the company’s long-term Bitcoin thesis.
