MarketsShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMichael Saylor Addresses Bitcoin Sale of $2.5 Million by Strategy
Michael Saylor emphasizes Strategy's goal to make STRC the world's best credit instrument following the sale of bitcoin to fund preferred stock dividends.
By James Van Straten|Edited by Sheldon Reback Jun 1, 2026, 4:06 p.m. 2 min readMake preferred on
Executive Chairman MicroStrategy, Michael Saylor (CoinDesk)Key Points:
- Strategy sold 32 bitcoin for approximately $2.5 million, with the revenue intended to assist in funding distributions for its STRC preferred stock.
- "Our goal is to make STRC the best credit instrument in the world," Saylor stated on X, indicating a growing emphasis on preferred stock.
- This sale has drawn parallels to the company's bitcoin sale in December 2022, leading to speculation that the company may have sold at a market low once again.
Disclosure: The author of this article holds shares in Strategy (MSTR).
Michael Saylor, Executive Chairman of Strategy (MSTR), has highlighted the company’s focus on its perpetual preferred stock, marking his first public statement after the largest publicly traded bitcoin holder sold the cryptocurrency to support dividend payments on this financial instrument.
"Our goal is to make STRC the best credit instrument in the world," Saylor posted on X on Monday.
This statement followed the announcement that the company sold 32 bitcoin for about $2.5 million in late May. The funds from this sale "are expected to be used to finance distributions on preferred stock," as indicated in an 8-K filing.
While the filing directly linked the bitcoin sale to the upcoming dividend payment, Saylor’s choice to emphasize the equity aspect instead of the bitcoin sale may strengthen investor perceptions that the company is increasingly prioritizing the development of its preferred stock while still aiming to enhance bitcoin exposure on a per-share basis.
Saylor has consistently maintained that Strategy assesses financing and capital allocation strategies through the perspective of bitcoin per share, aiming to increase shareholder value rather than merely maximizing the volume of bitcoin owned.
Buy High, Sell Low?
A common jest among cryptocurrency enthusiasts on X, often referred to as Crypto Twitter, is that Strategy tends to purchase bitcoin at its weekly peak.
However, the company's only prior bitcoin sale occurred in December 2022 when the leading cryptocurrency was priced around $18,000, shortly after the collapse of the FTX exchange, which had driven prices to a cycle low near $15,000. This time, the sale happened at an average price of $77,135, with bitcoin now trading around $70,000 after dipping to $60,000 in February. Observers are left wondering if this sale occurred near another market bottom.
MicroStrategyBitcoin NewsMore For You
Strategy sparks panic with bitcoin sale, but analysts say it was 'immaterial'
By Helene Braun|Edited by Stephen Alpher1 hour agoThis action suggests a greater readiness from Michael Saylor and Strategy to utilize BTC holdings to support their capital structure, according to one analyst, though opinions vary.
What to know:
- Strategy’s sale of 32 bitcoin, its first in four years, raised concerns about whether the company is shifting from its long-term accumulation strategy.
- Two analysts from Wall Street indicated that the sale of approximately $2.5 million was economically minor and interpreted it as a tactical move to fund preferred-stock dividends rather than a significant strategy shift.