STRC•STRC•MicroStrategy sold 32 BTC between May 26 and May 31 for about $2.5 million at an average price of $77,135, representing roughly 0.004% of its 843,706-BTC treasury. Executive chairman Michael Saylor said the sale funds preferred-stock dividends and does not alter the firm’s long-term bitcoin thesis, even as shares dipped 6%.
MicroStrategy executed its first bitcoin sale since December 2022, offloading 32 BTC between May 26 and May 31 for roughly $2.5 million. The coins averaged $77,135 each, slightly above the firm’s $75,699 cost basis, and accounted for just 0.004% of its total 843,706 BTC holdings valued at around $62 billion.
Following a June 1 SEC filing disclosing the transaction, MicroStrategy shares declined approximately 6%. The modest sale sparked debate across investor circles and even triggered a $15 million dispute on a prediction market over contract settlement, highlighting heightened scrutiny of the company’s treasury moves.
At BTC Prague on June 11, Michael Saylor addressed criticism, clarifying that the sale was a routine liquidity measure to fund preferred-stock distributions due June 30, not a shift in the company’s bullish stance on bitcoin. He emphasized the transaction does not signal an exit from bitcoin but fulfills recurring cash-dividend obligations.
Despite Saylor’s reassurances, skeptics argue the sale adds pressure as the stock trades below recent highs and questions persist about governance of the vast bitcoin reserve. With weekly bitcoin purchases already paused, investors will watch future treasury decisions and dividend payouts for signs of strategic consistency.
