Strategy sells 32 BTC in first Bitcoin sale since 2022
The world’s largest public Bitcoin holder reduced its stash to 843,706 BTC, while raising $128.3 million through Class A stock sales.
Strategy sold 32 BTC last week, its first reported Bitcoin sale since a 2022 tax-loss transaction, as the company moved to fund preferred stock distributions.
Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing with the US Securities and Exchange Commission.
Proceeds from the Bitcoin sale are expected to be used to fund distributions on preferred stock, the company said.