$1.3 Billion IBIT Dark Pool Block Trade Draws Scrutiny After Strategy Bitcoin Sale Disclosure

Strategy disclosed in a Monday filing that it sold 32 Bitcoin between May 26 and May 31 for $2.5 million at an average price of $77,135 per coin, marking only the second Bitcoin sale in its history. The company also sold 801,994 common shares over the same period, raising $128.3 million. The filing said Strategy’s U.S. dollar reserve, created on December 1, 2025 to support preferred stock dividends and debt interest, stood at $900 million as of May 31, 2026. Strategy said it would maintain an 11.50% annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC, for monthly periods starting on or after June 1, 2026, and outlined additional cash dividends for STRF, STRE, STRK, and STRD payable on June 30, 2026. The disclosure came as Bitcoin fell to its weakest level since January and spot Bitcoin ETFs recorded a 10th consecutive day of net outflows. Separately, an earlier social media claim linked the disclosure period to a $1.3 billion dark pool block trade in BlackRock’s iShares Bitcoin Trust, but no official evidence established a connection.

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