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Strategy sold 32 Bitcoin to fund preferred stock payouts, with Michael Saylor promoting STRC as a top credit instrument.

Market News
01 Jun 2026
Crypto news
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Strategy sold 32 Bitcoin for about $2.5 million to fund distributions on its preferred stock, marking a pause in its usual Bitcoin buying. Executive Chairman Michael Saylor emphasized making STRC the best credit instrument, highlighting the company's shift to using capital tools beyond Bitcoin accumulation. The sale supports Strategy's plan to repurchase nearly $1.5 billion in convertible debt, showing a flexible approach to financing. This move signals a strategic balance between Bitcoin holdings and capital obligations rather than a market timing call.

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