Strategy Sells 32 BTC to Fund Dividend as Bitcoin Drops 12%
STRC•Strategy sold 32 Bitcoin—the first net reduction in over three years—to fund preferred stock dividend payments, trimming its BTC position. This move coincided with a 7% intraday and 12% weekly Bitcoin decline to $65,707, which triggered $1.85 billion in market liquidations and sparked unfounded attribution to the sale.
1. Bitcoin Market Collapse Details
Bitcoin fell to $65,707 on June 3 after a 7% 24-hour drop and 12% weekly slide that erased gains since May’s $82,000 peak, triggering $1.85 billion in derivatives liquidations.
2. Strategy's 32 BTC Divestment
Strategy executed its first net Bitcoin sale in over three years, offloading 32 BTC to fund preferred stock dividend payments and modestly reduce its crypto holdings.
3. Market Attribution and Investor Impact
Despite narratives linking the sale to the crash, the 32 BTC divestment represents less than 0.005% of Bitcoin’s $57 billion market cap, indicating excess leverage and technical breakdown drove the liquidation wave, though investors may reassess the firm’s dividend strategy.
