Strategy sell 32 BTC after 2022; MSTR drop 7% as people dey fear say dem no go fit fund STRC dividend

Published: 2026-06-04 05:06:45 |

Strategy Inc. (wey dem dey track as MSTR) don announce im first net Bitcoin sell since 2022: dem sell 32 BTC from May 26–May 31 for about $2.5M (avg ~ $77,135/BTC) for SEC Form 8‑K wey dem file on June 1. Di company talk say di proceeds go fund distributions wey relate to im STRC perpetual preferred stock (“Stretch”). Even though di sell na small compared to wetin dem hold (~843,706 BTC as of May 31), market reaction come quick. MSTR shares drop about 6–7% near di $150 level when di report drop, and Bitcoin knack below key levels with liquidation activity wey people report after di filing. Traders quick focus shift to treasury risk. Since di price wey dem sell di BTC na higher pass Strategy reported blended cost basis (~$75,699), e no too look like “forced selling” but more like sign. Still, di debate be whether STRC dividend mechanics fit later force more BTC sales or make dem do “borrow-or-sell” cash solutions, especially if preferred dividend obligations remain big and STRC dey trade under di described target levels. Wetin crypto traders suppose watch next: whether Strategy go repeat Bitcoin sales, adjust STRC dividend handling, or expand equity/ATM funding—signals wey fit change Bitcoin supply narrative and near-term corporate-treasury sentiment.

Bearish

Di plenty big di sale, but e dey confirm traders worry say Strategy’s STRC preferred-stock structure fit later press future cash needs. The immediate drop for MSTR and the reported post-filing BTC weakness/liquidations show short-term risk-off momentum. Bulls talk say because dem get cost basis above, na “responsible management,” yet market dey price the chance of future Bitcoin sales if dem no fit meet dividend obligations comot well. For longer term, if dem dey dispose often, change STRC dividend policy, or get extra equity/ATM funding, e fit decide if na one-off thing or e go turn broad corporate-treasury supply story—right now e lean bearish for BTC in the near term.