MicroStrategy Sells 32 BTC to Fund Preferred Dividends as STRC Falls Below $95
MSTR•MicroStrategy sold 32 BTC for $2.5 million to fund preferred dividends, breaking its no-sell stance and sparking investor concerns. Its preferred shares STRC dipped below $95 as Bitcoin endured a five-day losing streak with nearly $4.4 billion in ETF outflows.
1. Bitcoin Sale and Policy Shift
MicroStrategy sold 32 BTC for about $2.5 million to fund preferred dividends, marking its first sale since 2022. This move ended the company’s long-standing policy of holding without disposal and triggered renewed scrutiny of its treasury management strategy.
2. Preferred Shares STRC Slip Below $95
STRC, the company’s variable-rate perpetual preferred stock, fell to $94.65, breaking a key $100 par threshold. The drop reflects heightened yield demand and tests the dynamic dividend adjustment mechanism designed to support price stability.
3. Bitcoin Market Downturn Amplifies Pressure
Bitcoin suffered a five-day losing streak, sliding toward $60,000 as nearly $4.4 billion flowed out of U.S. ETFs. This broader crypto sell-off intensified market anxiety over MicroStrategy’s digital asset holdings and weighed on both its common and preferred share performance.
