MicroStrategy Sells 32 BTC, Trader Nets $200,000

MicroStrategy sold 32 BTC for roughly $2.5 million between May 26-31, the company’s June 1, 2026 Form 8-K shows. The filing identifies Strategy, Inc. as the reporting entity and leaves MicroStrategy with 843,706 BTC in its corporate treasury.

The Form 8-K reports the 32 BTC were sold at an average price of about $77,135 per coin, net of fees. Proceeds were designated to support preferred stock dividend obligations on securities including STRF and STRC. The filing also discloses a USD reserve of $900 million set aside for obligations. As of May 31, the company’s Bitcoin holdings had a cost basis of about $63.87 billion, an average cost near $75,699 per BTC.

On-chain analysts and Arkham Intelligence flagged transfers from MicroStrategy-linked wallets to Coinbase Prime in the days before the filing. That activity prompted a Polymarket market on whether MicroStrategy would sell by May 31. A trader using the handle “Surprised-Legacy” placed a large bet backing a sale when the market’s implied probability was about 11% and stood to collect an estimated $200,000 after the 8-K confirmed the sale.

Bitcoin traded near $72,000-$74,000 during the sale window, so the reported average sale price was modestly above prevailing spot levels. The 32 BTC represented less than 0.004% of MicroStrategy’s total holdings.

The company last reported a sale in December 2022, when it disposed of 704 BTC for tax-loss purposes before repurchasing additional coins days later. The June 1 filing notes that MicroStrategy continues to fund Bitcoin purchases through at-the-market equity programs and preferred stock offerings while using occasional sales to meet cash obligations such as dividend payments and debt service. The latest transaction did not materially change the overall size of the company’s Bitcoin treasury.