Strategy Inc, formerly MicroStrategy, disclosed in a Form 8‑K filed on June 1, 2026 that it had sold 32 BTC for approximately $2.5 million between May 26 and May 31. The proceeds were used to cover dividend payments on its STRC preferred shares.
It is the company’s first disclosed Bitcoin sale since 2022 and the first ever under the current management framing of the treasury strategy. The absolute amount is small — 32 coins against a treasury of hundreds of thousands — but the signal is not.
The market reaction
Bitcoin fell 3.1% to around $65,391 in the session following the disclosure, and roughly $160 billion in aggregate crypto market cap was erased within the week. The move cracked one of the market’s most durable narratives: that Strategy would accumulate BTC in every environment and never sell.
What Strategy says the rule is
CEO Phong Le stated that Strategy will only sell BTC if the transaction enhances the company’s “Bitcoin per share” metric. Historical practice has been small tactical transactions that do not compromise overall accumulation. The 32‑coin sale meets that bar; whether the market accepts it as a one‑off will be tested by whatever the company reports next quarter.
