Strategy shares fall after selling $2.5 million in bitcoin, its first sale since 2022
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- Strategy sold 32 bitcoin for $2.5 million between May 26‑31, averaging $77,135 per coin, per a filing.
- Strategy also issued 801,994 shares of common stock, raising $128.3 million in the same period.
- Strategy shares fell over 6% in pre‑market trading, while bitcoin dropped 2% to its lowest level since April 13.
- Strategy CEO Phong Le said the company now aims to be a net aggregator of bitcoin, focusing on increasing bitcoin‑per‑share metrics and using its STRC yield‑paying security to turn holdings into a credit engine.
- CoinDesk reported the same 32‑bitcoin sale, confirming the $2.5 million proceeds.
Why it matters: Strategy’s cash infusion and share issuance bolster its balance sheet while diluting existing shareholders; the bitcoin sale and share drop hurt short‑term investors, but the new STRC income scheme aims to attract income‑seeking buyers and accelerate future bitcoin accumulation.
