Strategy Sells 32 Bitcoin for $2.5M to Fund High-Yield STRC Distributions
STRC•Strategy sold 32 Bitcoin for $2.5 million during May 26–31 at an average price of $77,135 per coin to fund distributions on its high-yield preferred stock STRC. The firm also offloaded 801,994 common shares for net proceeds of $128.3 million.
1. Bitcoin Sale Details
Strategy Inc. disposed of 32 Bitcoin during the week of May 26–31, generating proceeds of $2.5 million at an average price of $77,135 per coin. This marks the first Bitcoin sale by the company since December 2022.
2. Funding STRC Distributions
Proceeds from the Bitcoin sale are earmarked for distributions on the company’s high-yield preferred stock, STRC, which currently yields 11.5%. The move is intended to support dividend obligations without tapping external financing.
3. Common Share Sale
Over the same period, Strategy sold 801,994 common shares for gross proceeds of $128.3 million. Net funds from this transaction bolster the firm’s liquidity position and balance sheet flexibility.
