Strategy sold 32 BTC between May 26 and May 31, 2026, raising $2.5 million at an average price of $77,135 per coin. It was the company’s first Bitcoin sale since December 2022. The amount was tiny, yet the market reaction was not. At the time of disclosure, Strategy still held 843,706 BTC, which means the sale accounted for only 0.0038% of its total Bitcoin position.
The filing says the proceeds were meant for preferred stock distributions
According to an 8-K filed by Strategy on June 1, the cash raised from the sale was intended to fund distributions on preferred stock, described in the report as dividend payments owed to certain investors. The article also noted that Michael Saylor had previously signaled that the company would likely sell some Bitcoin to pay a dividend in order to reduce market shock. That frames the move as a planned treasury action rather than a shift in corporate Bitcoin strategy.
The sale drew extra attention because Strategy’s last disposal took place in December 2022. Back then, the company sold 704 BTC for $11.8 million. The source links that transaction to a later market rebound, while this time the disclosure was followed by weakness in Bitcoin, pushing traders to focus less on the size of the sale and more on its timing.
Large Bitcoin movements followed across major venues
The report says that within hours of the disclosure, several major platforms showed heavy Bitcoin activity. It cited large BTC outflows from Binance, sizable outflows on Coinbase, BTC selling by trading firm Wintermute, movement in BlackRock’s Bitcoin holdings, and selling from multiple whales. These actions were described as taking place around the $70,000 Bitcoin price level.
Two interpretations emerged. One camp described the pattern as a coordinated dump. Another argued that institutions often rebalance at the same time when markets are under pressure, making the moves correlated rather than coordinated. The source did not provide deeper on-chain figures or exact trade sizes for those flows, so the clearest takeaway remains the scale of the market response to a very small corporate sale.
Polymarket traders disputed whether May or June should count
The event also spilled into prediction markets. Polymarket had millions of dollars wagered on whether Strategy would sell Bitcoin in May or June. The complication was simple: the sale was executed during May 26–31, but the regulatory filing became public on June 1. That gap triggered a dispute over whether the execution date or the disclosure date should determine the outcome. The episode highlighted a structural issue for prediction markets when financial events unfold across multiple timestamps.
Strive is moving in the opposite direction with a 70,000 BTC goal
While Strategy made headlines for selling 32 coins, Strive Asset Management drew attention for planning to buy much more. The report says the firm, backed by Vivek Ramaswamy and listed on Nasdaq under ASST, currently holds about 16,500 BTC worth more than $1 billion. It plans to raise $5.1 billion through new share offerings to purchase additional Bitcoin, with a stated target of 70,000 BTC.
Taken together, the two stories point to very different forms of corporate Bitcoin activity. Strategy executed a small sale tied to a capital obligation. Strive is pursuing a much larger accumulation plan through equity financing. The sale of 32 BTC was not large enough to alter supply on its own. What moved the market was how closely every corporate Bitcoin action is being watched.