Strategy Sells 32 BTC for $2.5M After Mt. Gox's $739M Bitcoin Transfer
STRC•STRC•STRC•STRC•Strategy sold 32 BTC for $2.5 million between May 26 and 31 to fund preferred stock distributions, ending its accumulation streak despite holdings exceeding 843,000 BTC. The sale coincided with a $739 million Mt. Gox transfer of 10,422 BTC that drove Bitcoin below $70,000 and heightened market uncertainty.
On June 2, Mt. Gox executed an on-chain transfer of 10,422 BTC valued at $739 million to new wallets, prompting a drop in Bitcoin below $70,000 as traders reacted to the large movement without immediate exchange deposits.
Between May 26 and 31, Strategy sold 32 BTC for approximately $2.5 million to fund preferred stock distributions, breaking its long-standing accumulation streak while its treasury still holds over 843,000 BTC.
The symbolic sale represents less than 0.004% of Strategy's Bitcoin holdings, likely limiting immediate pressure on the company's valuation, though it signals a subtle shift in capital allocation approach during market volatility.
