🚨 Michael Saylor breaks silence after Strategy sells bitcoin for the first time since 2022 to help fund preferred stock distributions 🚨
Strategy sold 32 BTC for roughly $2.5 million, with proceeds expected to help fund distributions tied to its STRC preferred stock. Michael Saylor responded by doubling down on STRC, signaling that the company’s capital strategy is increasingly centered on credit-style instruments alongside bitcoin accumulation.
🔑 Key points
🔹 Strategy sold 32 bitcoin for about $2.5 million, according to a company filing.
🔹 The proceeds are expected to be used to fund distributions on its STRC preferred stock.
🔹 Michael Saylor said the company’s goal is to make STRC “the best credit instrument in the world.”
🔹 This was Strategy’s first bitcoin sale since December 2022, when it also sold near a depressed market period.
🔹 The latest sale was made at an average price of about $77,135 per BTC, while bitcoin later traded closer to $70,000.
🔹 The move has sparked debate over whether Strategy again sold near a local bottom, though the size of the sale remains tiny relative to its broader bitcoin position.
🎯 Bottom line: Strategy’s sale was small, but it signals a growing focus on using bitcoin holdings to support its preferred-stock financing strategy.
https://www.coindesk.com/markets/2026/06/01/michael-saylor-breaks-silence-after-strategy-sells-usd2-5-million-in-bitcoin