Trending Now - Strategy's Bitcoin Liquidation Sparks Market Turmoil and Backing

WHO:

CoinDesk - Michael Saylor stated, "Our goal is to make STRC the best credit instrument in the world," emphasizing the company's focus on preferred stock.

CoinDesk - Michael Saylor is the Executive Chairman of Strategy (MSTR).

CoinDesk - Strategy (MSTR) is identified as the largest publicly traded holder of bitcoin.

WHAT:

CoinDesk - Strategy's bitcoin sale was its first since December 2022, involving 32 BTC sold for approximately $2.5 million at an average price of $77,135 per coin.

CoinDesk - The total remaining available issuance capacity for MSTR stock is $26.137 billion, with preferred stock issuance capacity of $1.619 billion for STRF, $17.511 billion for STRC, $2.1 billion for STRK, and $4.015 billion for STRD.

CoinDesk - The board declared cash dividends payable on June 30 to holders of record as of June 15, including $2.50 per share for STRF, $0.958333333 per share for STRC, €2.50 per share for STRE, $2.00 per share for STRK, and $2.50 per share for STRD.

CoinDesk - The regular dividend rate on the variable-rate Series A Perpetual Stretch Preferred Stock, STRC, will remain at 11.50% per annum for monthly periods beginning on or after June 1.

CoinDesk - Strategy's bitcoin sale is its first disclosed sale since December 2022, marking a significant shift in its strategy.

CoinDesk - The average sale price of the bitcoin was confirmed at $77,135 per coin, net of fees and expenses.

CoinDesk - Strategy's bitcoin sale is linked to funding preferred stock obligations, as stated in an 8-K filing.

CoinDesk - Strategy's bitcoin position remains at 843,706 BTC after the sale, with an aggregate purchase price of $63.87 billion, implying an average purchase price of $75,699 per bitcoin.

CoinDesk - Strategy sold 801,994 shares of MSTR common stock between May 26 and May 31, generating $128.3 million in net proceeds.

CoinDesk - Strategy's US dollar reserve stood at $900 million as of May 31, intended to support dividends on preferred stock and interest payments on outstanding debt.

CoinDesk - The regular dividend rate on the variable-rate Series A Perpetual Stretch Preferred Stock, STRC, will remain at 11.50% per annum for monthly periods beginning on or after June 1.

Cointelegraph - Strategy's bitcoin sale has sparked debate over how investors value Bitcoin treasury companies as capital structure and liquidity considerations evolve.

CoinDesk - Saylor's decision to highlight the equity rather than the bitcoin sale is likely to reinforce investor perceptions that the company is increasingly focused on building its preferred stock while growing bitcoin exposure on a per-share basis.

CoinDesk - Strategy first alluded to a potential sale earlier in May and then finally reported the first sale on June 1.

CoinDesk - The market is now arguing not over whether the sale happened, but over which day's calendar it sits on and who gets the big payout.

CoinDesk - Strategy's first publicized bitcoin sale occurred between May 26 and May 31, 2026.

CoinDesk - The sale triggered a $15 million resolution dispute on Polymarket regarding whether the sale counts for a prediction market's May 31 deadline.

CoinDesk - The bet on Polymarket regarding the sale of bitcoin had drawn roughly $24.7 million in volume, with the May 31 market alone at $14.65 million.

Cointelegraph - Strategy has reduced its bitcoin holdings to 843,706 BTC following the sale of 32 BTC.

Cointelegraph - Strategy raised $128.3 million through Class A stock sales.

CoinDesk - Strategy sold 32 bitcoin for approximately $2.5 million.

CoinDesk - The proceeds from the bitcoin sale are expected to fund distributions on preferred stock.

CoinDesk - The average sale price of the bitcoin was $77,135.

CoinDesk - Bitcoin is currently trading around $70,000 after previously falling as low as $60,000.

WHERE:

CoinDesk - The sale and financial activities are associated with Strategy (MSTR), a publicly traded company.

WHEN:

CoinDesk - The bitcoin sale occurred last week.

CoinDesk - The previous bitcoin sale by Strategy took place in December 2022.

WHY:

CoinDesk - The market is currently debating the resolution of the bet based on the timing of the sale and the filing date.

CoinDesk - The sale of bitcoin was linked to funding preferred dividends.

CoinDesk - Saylor emphasized the company's focus on making STRC the best credit instrument in the world.

HOW:

CoinDesk - The dispute-resolution system Polymarket will issue the final call on the resolution of the bet regarding the timing of the bitcoin sale, typically reviewed over a 2-day period.

CoinDesk - The dispute-resolution system Polymarket uses for ambiguous markets will issue the final call.

CoinDesk - The dispute-resolution system Polymarket uses for ambiguous markets will issue the final call on the resolution of the bet.

Techmeme - The sale of 32 bitcoin occurred between May 26 and May 31.

CoinDesk - The company disclosed the sale in an 8-K filing.

(UPDATED June 2, 2026 20:05 UTC)

In a significant move, Strategy has sold 32 bitcoins for approximately $2.5 million, marking its first sale since December 2022, with the average price per coin at $77,135. The board has also declared cash dividends payable on June 30 to holders of record as of June 15, which includes various amounts for different stocks, such as $2.50 per share for STRF and €2.50 per share for STRE. Meanwhile, Polymarket will finalize the resolution of a bet concerning the timing of the bitcoin sale, with the review process typically taking two days.

(UPDATED June 2, 2026 10:19 UTC)

Michael Saylor announced that the goal is to make STRC the best credit instrument in the world, highlighting a strong focus on preferred stock. In a significant shift in strategy, Strategy disclosed its first bitcoin sale since December 2022, with an average sale price of $77,135 per coin, net of fees and expenses. Additionally, the total remaining available issuance capacity for MSTR stock stands at $26.137 billion, including $1.619 billion for STRF and $17.511 billion for STRC.

(UPDATED June 2, 2026 08:24 UTC)

Strategy has announced a bitcoin sale linked to funding obligations for preferred stock, as detailed in an 8-K filing, while their bitcoin position remains at 843,706 BTC with an average purchase price of $75,699 per bitcoin. Between May 26 and May 31, they sold 801,994 shares of MSTR common stock, generating $128.3 million in net proceeds, and their US dollar reserve stood at $900 million as of May 31, intended to support dividends and interest payments. The board has declared cash dividends payable on June 30 to holders of record as of June 15, including various amounts for different shares, while the regular dividend rate on the variable-rate Series A Perpetual Stretch Preferred Stock will remain at 11.50% per annum starting June 1.

(UPDATED June 2, 2026 06:28 UTC)

A recent bitcoin sale by Strategy has ignited discussions about how investors assess Bitcoin treasury companies as their capital structures and liquidity needs change. As the market shifts its focus, Saylor's emphasis on equity over the bitcoin sale may strengthen perceptions that the company is prioritizing preferred stock while increasing bitcoin exposure per share. The resolution of the ongoing debate about the sale's timing and the payout will ultimately be determined by Polymarket's dispute-resolution system.

(UPDATED June 1, 2026 23:26 UTC)

A significant bitcoin sale took place between May 26 and May 31, 2026, leading to a $15 million dispute on Polymarket over whether the sale meets the prediction market's deadline of May 31. This bet has generated approximately $24.7 million in volume, with the May 31 market alone accounting for $14.65 million. The resolution of this bet will ultimately be determined by Polymarket's dispute-resolution system, which is designed to clarify ambiguous markets.

(UPDATED June 1, 2026 22:01 UTC)

A strategy has reduced its bitcoin holdings to 843,706 BTC after selling 32 BTC, which took place between May 26 and May 31. In addition, the strategy raised $128.3 million through Class A stock sales. This move highlights ongoing shifts in the cryptocurrency market and investment strategies.

(UPDATED June 1, 2026 20:24 UTC)

Michael Saylor, the Executive Chairman of Strategy, announced that the company, which is the largest publicly traded holder of bitcoin, sold 32 bitcoin for approximately $2.5 million. The average sale price was $77,135 per bitcoin, and the proceeds are expected to fund distributions on preferred stock, as the company aims to make STRC the best credit instrument in the world. This sale, disclosed in an 8-K filing, follows a previous bitcoin sale by Strategy that took place in December 2022.