MicroStrategy sold 32 Bitcoin for approximately $2.5 million in late May at an average price of $77,135 per coin. This marks the company's first Bitcoin sale since December 2022 and was executed to fund dividend distributions on its preferred stock. Despite the sale, the firm continues to hold 843,706 Bitcoin, and shareholders recently approved semi-monthly dividend payments for STRC preferred stock.
MicroStrategy has solidified its dominance as the leading institutional holder of digital assets by acquiring an additional 1,587 Bitcoin for $100 million.
Read the full storyIn a move aimed at reassuring markets regarding the liquidity of its digital assets, MicroStrategy leadership revealed new dimensions to its Bitcoin treasury strategy.
Shareholders approved a plan for semi-monthly dividend payments on STRC preferred stock to stabilize pricing and stimulate investor demand.
The company sold 32 BTC for $2.5 million to cover dividend payments for preferred shareholders, marking a rare departure from its long-term holding strategy.
The firm sold 32 Bitcoin for $2.5 million to fund preferred stock dividends, marking its first crypto sale since December 2022.