Movement Alert|Strategy Intraday Decline 5.05%, Market Continues to Digest First Bitcoin Sale in 41 Months

Market Focus03:25

On June 4, Strategy fell 5.05% in regular trading, trading at $129.095/share, with trading volume of $1.83 billion. The stock continues to face selling pressure following the company's disclosure of its first Bitcoin sale in over three years.

According to a Form 8-K filing, Strategy sold 32 bitcoins between May 26 and May 31, generating approximately $2.5 million in proceeds at an average price of roughly $77,135 per BTC. The company stated that the funds would be used to cover upcoming preferred stock dividend payments. This marks the first time in 41 months that Strategy has sold any of its Bitcoin holdings, breaking a long-standing accumulation-only approach that had become central to its investment thesis.

Despite the small-scale disposition, Strategy remains the largest corporate Bitcoin holder globally. As of May 31, the company held 843,700 BTC with a total acquisition cost of approximately $63.87 billion and an average cost basis of around $75,700 per coin. The broader Bitcoin-linked equity complex also traded lower, reflecting concerns that the sale may signal a shift in the company's treasury strategy amid liquidity pressures.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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