Strategy shares fall after selling $2.5 million in bitcoin, its first sale since 2022

> Michael Saylor’s Strategy sold bitcoin last week for the second time ever as geopolitical uncertainty continues to weigh on the bitcoin price and crypto market broadly.

> Between May 26 and May 31, Strategy sold 32 coins for $2.5 million, and at an average of $77,135 per coin, according to a Monday filing. The company also sold 801,994 shares of common stock, raising $128.3 million, in the same period.

> Shares fell more than 6% in premarket trading. Bitcoin fell 2% on the news to its lowest level since April 13.

> This is the second time Strategy has ever sold bitcoin and comes soon after the company announced a pivot from Saylor’s longstanding “never sell” strategy in favor of actively managing its balance sheet. That includes potentially selling bitcoin if it improves bitcoin-per-share metrics, pays dividends or strengthens the company’s financial position.

https://www.cnbc.com/2026/06/01/strategy-shares-fall-after-selling-2point5-million-in-bitcoin-its-first-sale-since-2022.html