On June 2, Strategy fell 3.09% in pre-market trading, trading at $145.2/share, with trading volume of $11.68 million. The decline was triggered by the company's disclosure that it sold 32 Bitcoin between May 26 and May 31, marking its first BTC disposal in 41 months.
According to an 8-K filing, Strategy sold 32 BTC at an average price of $77,135 per coin, generating approximately $2.5 million in proceeds earmarked specifically for preferred stock dividend payments. While the sale volume represents merely 0.004% of its total 843,706 BTC holdings, the move breaks the company's long-standing narrative of never selling Bitcoin. Independent analysts noted this signals Strategy is testing market reaction and capital allocation flexibility, fundamentally rewriting market expectations around its treasury strategy.
The sell-off was compounded by escalating US-Iran geopolitical tensions, with Iran reportedly planning to blockade the Strait of Hormuz, triggering a broad crypto market decline that pushed Bitcoin below $72,000 for the first time in nearly two months.
(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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