Bitcoin news: Strategy sold 32 BTC for $2.5 million in late May, filing shows

BTC

BTC/USDT

$72,130.01

-2.41%

$72,130.01

-2.41%

(24s)

24h Volume

$13,431,313,037.03

24h H/L

$74,198.00 / $72,130.00

Change: $2,068.00 (2.87%)

Long/Short

63.3%

Long: 63.3%Short: 36.7%

Funding Rate

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Bitcoin

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Resistance Levels

Resistance 3$76,436.70

Resistance 2$75,174.65

Resistance 1$72,680.14

Price$72,675.77

Support 1$72,563.92

Support 2$70,280.05

Support 3$66,862.98

Pivot (PP):$73,120.01

Trend:Downtrend

RSI (14):33.8

CoinDesk Staff

(12:07 PM UTC)

1 min read

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The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock.

Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday.

The disposal is Strategy's first disclosed bitcoin sale and the proceeds are earmarked to fund distributions on its preferred stock, according to a footnote in the filing.

The company held 843,706 bitcoin at an average purchase price of $75,699 as of May 31, putting the sale price above its blended cost basis but also above where bitcoin BTC$72,178.36 was trading on Monday at roughly $73,400, per CoinDesk data.