A securities filing said the company sold 32 BTC between May 26 and May 30 to help fund preferred stock distributions, while a later Michael Saylor post revived speculation about renewed Bitcoin buying.
Strategy disclosed in a securities filing that it sold 32 Bitcoin between May 26 and May 30 for roughly $2.5 million to help fund preferred stock distributions, a rare sale for a company closely identified with Bitcoin accumulation. The amount represented about 0.0038% of its 843,000 Bitcoin holdings. The development drew added attention as Strategy’s STRC preferred stock traded below its $100 reference price, 801,994 common shares were sold to raise $128.3 million, and Saturn’s sUSDat briefly fell below $0.93 before recovering to about $0.98. On June 3, Michael Saylor posted “₿ack to Work” on X, a message that did not confirm any transaction but was widely read by traders as a possible signal that Strategy could resume buying Bitcoin.