Strategy sells Bitcoin for the first time since 2022

Strategy (formerly MicroStrategy) sold 32 BTC for about $2.5M between May 26 and 31, at an average of $77,135 — its first sale since 2022 and a reversal of Michael Saylor's long-standing pledge never to sell. The proceeds were earmarked for preferred-stock dividend payments. The amount was trivial against the firm's 843,706 BTC, but it broke the doctrine the corporate-treasury playbook was built on; shares fell more than 6% premarket and Bitcoin dropped about 2%.