Cryptopolitan
2026-06-01 16:40:38

Saylor’s Bitcoin fortress cracks with surprise $2.5M sale

Michael Saylor’s Strategy (NASDAQ: MSTR) just did the thing we’ve all been dreading, selling part of its Bitcoin stack last week in what is only the second sale in its history, while BTC quickly crashed to $69,000 in reaction to the news. According to a Monday filing, Strategy sold 32 Bitcoin between May 26 and May 31 for $2.5 million. The average price was $77,135 per coin, after fees and expenses. Over that same stretch, Strategy also sold 801,994 common shares and raised $128.3 million. Meanwhile, Strategy’s MSTR stock crashed by more than 6% after the trading floor opened, while Bitcoin is now at its weakest level since January. Strategy sells Bitcoin as its stock drops and BTC weakens under market pressure For years, Strategy was tied to one clean Bitcoin message: buy, hold, and do not sell. That idea made the company a major public-market proxy for Bitcoin. Cryptopolitan reported last month that Strategy told investors that it could sell Bitcoin if doing so helps improve Bitcoin-per-share figures, pay preferred dividends, or strengthen its finances. Phong Le, the CEO of Strategy, explained the thinking during the company’s earnings call in early May. “We want to be net aggregators of bitcoin – increasing our total bitcoin, but more importantly, increasing our bitcoin per share because we think that is what is going to be most accretive long term for MSTR,” Phong said. This is only the second time Strategy has sold Bitcoin . The first sale came in December 2022, when the crypto market was getting hammered by higher interest rates, the collapse of FTX, and a nasty wave of damage across lenders, trading firms, and hedge funds that were tied too closely together. Bitcoin is now more than 42% below its all-time high of over $126,000. Spot Bitcoin ETFs also posted their 10th straight day of net outflows on Friday, their longest withdrawal run ever. That added another rough signal to a market already dealing with weak price action and lower appetite for risk. Strategy uses its cash reserve and preferred stock plan to keep dividend payments running The filing also gave investors fresh numbers on Strategy’s dollar reserve. On December 1, 2025, the company created a US dollar reserve as a management-set pool of liquidity. The purpose was simple: help pay dividends on preferred stock and cover interest on debt. By May 31, 2026, that reserve stood at $900 million. The company also said it will keep the regular annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at 11.50%. That rate applies to monthly periods starting on or after June 1, 2026. Strategy announced the rate through its website. On May 30, 2026, the board approved several cash dividends. The payments are due on June 30, 2026, or on the next business day if that date is not a business day. Stockholders must be on record by 5:00 p.m. New York City time on June 15, 2026. For STRE, the record time is 5:00 p.m. London time on the same date. The 10.00% Series A Perpetual Strife Preferred Stock (STRF) provides a quarterly dividend of $2.50 per share for the quarter ending on June 30, 2026. Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) offers a monthly dividend of $0.958333333 per share for the month ending on June 30, 2026, equivalent to an annual dividend rate of 11.50%. 10.00% Series A Perpetual Stream Preferred Stock (STRE) pays a quarterly dividend of €2.50 per share for the quarter ending on June 30, 2026. 8.00% Series A Perpetual Strike Preferred Stock (STRK) pays out a quarterly dividend of $2.00 per share for the quarter ending on June 30, 2026. For the 10.00% Series A Perpetual Stride Preferred Stock (STRD), the dividend rate is $2.50 per share for the quarter ending on June 30, 2026. Disclaimer: The author of this article holds more than $1000 in MSTR. The smartest crypto minds already read our newsletter. Want in? Join them .

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