Strategy Sells 32 BTC at $77,135, First Sale in Over Three Years
STRC•Strategy sold 32 BTC between May 26 and 31 at an average price of $77,135 per coin, marking its first reduction in holdings since December 2022. The company still holds 843,706 BTC, and this disposal triggered a 4% drop in Bitcoin's market price below $70,000.
1. Rare Sale Details
Strategy executed a sale of 32 BTC between May 26 and 31 at an average of $77,135 per coin, representing its first reduction in holdings since December 2022. Prior to this sale, the firm’s balance had climbed to 843,738 BTC, leaving it with 843,706 BTC after the transaction.
2. Market Reaction and Price Impact
The disposal prompted a 4% decline in Bitcoin’s market price, pushing it below $70,000 as traders and algorithms interpreted the move as a bearish signal. Retail sentiment turned more cautious, with bearish indicators spiking even as overall chatter remained steady.
3. Analyst Perspective on De-risking
Analyst James Check described the sale as a 'slay the sacred cow' de-risking event, indicating the company opted to sell BTC to meet obligations and avoid potential forced liquidations. The action aims to reduce uncertainty for debt and preferred-stock holders and signals possible further balance-sheet adjustments.
