Strategy disclosed in an SEC filing that between May 26 and May 31, 2026, it sold 32 bitcoins at an average price of $77,135 per coin, generating approximately $2.5 M in proceeds. The document, signed by the company’s General Counsel, Thomas C. Chow, is dated June 1. The funds raised will be used to cover payments tied to the company’s preferred shares.
The company’s first-ever sale took place in late December 2022. On that occasion, the corporation sold 704 BTC. The reason for deviating from its ‘never sell’ policy was tax obligations.
Bitcoin Reserve and the Sale
As of May 31, Strategy’s total bitcoin holdings stood at 843,706 BTC, acquired for $63.87 B at an average purchase price of $75,699 per coin. The sale of 32 BTC is microscopic compared to the size of the company’s overall reserve, and the significance of the transaction lies in its purpose: Strategy is now using coins from its own treasury to help cover interest and dividend obligations tied to its issued securities.
Dividends and Dollar Reserve
On May 30, the board of directors declared cash dividends payable on June 30 across five preferred stock series — STRF, STRC, STRE, STRK, and STRD. For STRC, the dividend rate was maintained at 11.50% annually starting in June. At the same time, the company continues to maintain its dollar reserve, established in December 2025 to service dividend and debt interest payments. By the end of May, the reserve balance had reached $900 M.
Stock Sale Program
Through its at-the-market equity offering program, Strategy sold 801,994 Class A common shares (ticker: MSTR) during the reporting week, generating $128.3 M in net proceeds. No sales were recorded during the period for the preferred share series STRF, STRC, STRK, or STRD. The remaining amount available for issuance under the MSTR program includes capacity from both the existing offering and the additional $21.0 B issuance announced on March 23, 2026.
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