Strategy dey sell bitcoin (32 BTC) for dividends; mNAV dey signal conditional BTC selling

Strategy (MicroStrategy) tok say for 8‑K wey dem release on June 1, 2026 say dem sell 32 BTC from May 26–May 31 at average price $77,135, collect about $2.5M. Na di first time dem sell bitcoin since December 2022 and e small—only about ~0.0038% of wetin dem hold (843,706 BTC)—but wetin matter na why dem sell: the money go use to pay preferred‑stock dividends. The "dividend machine" still dey same gist. Strategy normally dey pay preferred dividends by issuing MSTR common shares under at‑the‑market program when mNAV premium high enough to make am accretive. This time mNAV compress to around 1.2x (breakeven ~1.22x), so issuing shares no too sweet. So dem decide sell small amount bitcoin to cover near‑term cash needs, and dem talk say dem get about 18 months of dividend coverage. Trading impact: after the headline, BTC fall back under $72,000 within hours, and plenty futures liquidations happen (over $93M in one hour, mostly long positions). The article put the move as sentiment and leverage unwinds, not big supply shock from the small BTC sale. For traders: this no be big Strategy bitcoin supply event, but e be regime signal—watch the mNAV premium and the preferred dividend funding plan for possible conditional sell risk if market turn down.