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Strategy sells 32 bitcoin for $2.5M to fund preferred stock distributions

Market News
01 Jun 2026
Coindesk
View Source
Neutral
pluang ai news

Strategy sold 32 bitcoin between May 26 and May 31 for about $2.5 million at an average price of $77,135 per coin, above both its purchase price and the current market price near $72,000. This is the company's first disclosed bitcoin sale, with proceeds earmarked to fund distributions on its preferred stock. Strategy still holds 843,706 bitcoin at an average cost of $75,699 and recently raised $128.3 million through a stock program, increasing its cash reserves to $900 million. The move reflects Strategy's effort to balance bitcoin holdings, preferred stock yield, and capital management.

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