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Key Takeaways
- Strategy sold 32 BTC between May 26-31 at an average price of $77,135
- Total proceeds of $2.5 million directed entirely to fund preferred stock dividend payments
- Strategy simultaneously raised $128.3 million by selling 801,994 MSTR shares
- Total Bitcoin holdings now stand at 843,706 BTC at an average purchase price of $75,699
- USD Reserve balance sits at $900 million as of May 31st
Strategy sold 32 Bitcoin between May 26th and May 31st at an average price of $77,135, generating $2.5 million. The SEC filing states the reason in one sentence: the proceeds were used to fund distributions on preferred stock. In other words, Strategy needed cash to pay its preferred shareholders their dividends, and selling a small amount of Bitcoin was one way to raise it.
That is the entire explan...
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