Michael Saylor responded on-site at BTC Prague regarding Strategy's sale of 32 bitcoins, stating that this does not signify a change in the company’s long-term Bitcoin holding position. The sale was primarily used to pay dividends on preferred shares due in June.
Sell 32 BTC for dividends
The strategy sold 32 BTC between May 26 and May 31, cashing out approximately $2.5 million at an average price of about $77,135. According to a filing submitted by the company on June 1, these funds will be used to support preferred stock distributions.
The preferred shares involved are STRF, STRC, STRE, STRK, and STRD. The company disclosed that the annualized dividend rate for STRC in June was 11.50%.
Saylor emphasized that it is a corporate-level arrangement.
Saylor said his previous statement of "never selling Bitcoin" was intended for individual holders, not corporate treasury management. He described this transaction on-site as a corporate-level fund allocation, not a bearish stance on Bitcoin.
This sale represented only about 0.0038% of the Strategy’s Bitcoin holdings at the time. However, given the company’s longstanding reputation for continuously accumulating Bitcoin, the move still attracted market attention.
Then purchased an additional 1,550 BTC
After disclosing the sale, the Strategy purchased 1,550 BTC between June 1 and June 7, amounting to approximately $101.3 million at an average price of about $65,332. The company also increased its USD reserves by $100 million to reach $1 billion.
Latest data shows that Strategy currently holds 845,256 BTC, with an average cost basis of approximately $75,680, remaining the world’s largest publicly traded company holder of Bitcoin.