Strategy Sells 32 BTC for $2.5M as Bank Predicts Bitcoin Bottomed
STRC•Strategy sold 32 BTC for $2.5 million to fund June 30 preferred dividends, covering 0.004% of its 843,706-coin treasury. Standard Chartered projects Bitcoin’s cycle low has passed and forecasts a rebound to $100,000 by year-end, a development that could enhance the company’s digital asset valuation.
1. Treasury Management Sale
Between May 26 and May 31, Strategy sold 32 BTC for roughly $2.5 million—an average of about $77,135 per coin—to fund cash dividends on its five preferred stock series due June 30. The 32-coin sale represents just 0.004% of its 843,706-coin holdings and was framed as routine treasury management rather than a shift in its long-term Bitcoin thesis.
2. Bitcoin Market Bottom Forecast
A leading bank’s digital assets research head identified Bitcoin’s recent $59,000 trough as the cycle low, down 53% from last October’s $126,000 peak, and said prices are unlikely to revisit those lows. The bank cited a U.S.-Iran peace deal and a high-profile IPO as potential catalysts and reiterated a forecast for Bitcoin to reach $100,000 by the end of the year, signaling a turning point for digital assets.
