Strategy Sells 32 Bitcoin at $77,135 Average to Fund Preferred Dividends
STRC•Strategy sold 32 bitcoin between May 26 and May 31 at an average price of $77,135, raising $2.5 million—the first disposal since 2022 and its shares fell over 5%. It also sold 801,994 common shares for $128.3 million and holds a $900 million USD reserve to fund preferred dividends.
1. Bitcoin Disposal
Between May 26 and May 31, Strategy sold 32 bitcoin at an average price of $77,135, generating $2.5 million. This marks the first sale since 2022, and the company's remaining holdings stand around 844,000 coins with an average cost basis of $75,699, while its stock declined more than 5% on the news.
2. Common Share Sale
The company also sold 801,994 of its common shares under an at-the-market program, raising $128.3 million in net proceeds and leaving roughly $26.1 billion in remaining issuance capacity. This equity offering aims to bolster liquidity alongside digital asset disposals.
3. Dividend Funding and Reserves
Strategy’s USD reserve, designated to cover preferred dividends and debt interest, was $900 million as of May 31. Preferred dividends payable June 30 include $2.50 per share on Series F and D and $0.958 per share monthly on Series C, representing an 11.5% annualized rate.
