On June 1, Strategy declined 8.44% in regular trading, falling to $146.13/share with trading volume of $3.7 billion, as the company disclosed its first-ever sale of Bitcoin holdings, shattering the cornerstone promise that had defined its crypto treasury strategy.
According to regulatory filings, Strategy sold 32 BTC for approximately $2.5 million at an average price of roughly $77,135 per coin. This marks the first time the company has publicly sold Bitcoin since Chairman Michael Saylor established the firm's \"never sell\" principle. The disclosure sent Bitcoin itself below $72,000, falling over 2.6% in 24 hours.
The sale follows a turbulent period for Strategy. The company reported a Q1 net loss of $12.5 billion driven by Bitcoin price declines earlier in the year. Last week, it completed a $1.5 billion convertible bond repurchase at an 8% discount, with critics including Euro Pacific Capital CEO Peter Schiff arguing the move masked deepening liquidity issues rather than demonstrating financial strength. On Polymarket, the probability of Strategy selling BTC before year-end has surged to 89%, reflecting broad market skepticism about the firm's ability to maintain its accumulation-only stance while managing $6.7 billion in total debt.
(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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