MicroStrategy Sells 32 BTC for $2.5M to Fund Preferred Dividends, Then Buys 1,550 BTC

MicroStrategy sold 32 Bitcoin between May 26 and May 31 for approximately $2.5 million to fund preferred stock dividend payments, according to the company's disclosure on June 1. The sale represented just 0.0038% of the company's total Bitcoin holdings at an average price of $77,135 per coin.

The sale was driven by MicroStrategy's preferred stock (STRC) trading below its $100 par value, creating recurring cash obligations. However, the company's commitment to Bitcoin accumulation remained intact: it subsequently purchased 1,550 BTC for $101.3 million, nearly 50 times the size of the original sale. Blockstream CEO Adam Back characterized the move as evidence of balance sheet flexibility rather than a strategic retreat, noting that Bitcoin can function as a working financial asset within corporate structures alongside other capital market tools.