MicroStrategy Sells Bitcoin For the First Time in Years, Hands Trader a $200,000 Win

Strategy Inc, the largest corporate Bitcoin holder, confirmed its first Bitcoin sale in the June 1, 2026 Form 8-K filing.

The company offloaded 32 BTC for approximately $2.5 million during May 26–31, while maintaining a massive 843,706 BTC treasury.

On-Chain Suspicion Meets Official Confirmation

Traders and on-chain analysts spotted MicroStrategy wallets moving BTC to Coinbase Prime days earlier, sparking intense speculation.

Arkham Intelligence and community trackers highlighted the unusual activity, which fueled a Polymarket bet on whether any sale would occur by May 31.

One trader bet big on YES when the market priced the probability around 11%. The June 1 filing resolved the market in his favor, delivering an estimated $200,000 payout.

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Details from the filing:

• Sold: 32 BTC at an average of around $77,135 each (net of fees).
• Holdings as of May 31: 843,706 BTC with approximately $63.87 billion cost basis (average of around $75,699 per BTC).
• Purpose: Proceeds support preferred stock dividends (STRF, STRC, etc.).
• USD Reserve: $900 million earmarked for obligations.

Bitcoin traded near $72,000–$74,000 around the period, meaning MicroStrategy sold at a premium to recent levels.

The sale represents a tiny fraction (<0.004%) of holdings but marks a shift from pure accumulation.

MicroStrategy has aggressively grown its treasury via ATM equity and preferred stock raises, often buying thousands of BTC weekly.

This disciplined approach, selling selectively while replenishing via capital markets, aligns with executive comments on proactive treasury management.

Preferred dividends and debt service remain key priorities, backed by the dedicated USD reserve.

With Bitcoin volatility persisting and corporate treasuries under scrutiny, any larger sales or accelerated buys could influence sentiment.

MicroStrategy’s Bitcoin-per-share metric and yield targets will likely remain central to its narrative as it balances growth, obligations, and long-term conviction in Bitcoin.