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

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CoinDesk Staff

(12:07 PM UTC)

1 min read

Verified byEmily Watson

0 comments

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…

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