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Finally sold! MicroStrategy's coin-holding body is shattered as $BTC starts to decline.
According to the 8-K filing disclosed today (June 1), Strategy sold 32 BTC between May 26 and May 31, at an average price of $77,135, totaling about $2.5 million.
Currently, the total holdings are 843,706 BTC, with an average price of $75,699.
The proceeds from this Bitcoin sale will be used to pay preferred stock dividends, and the myth of "never selling coins" is officially broken, damaging the faith narrative;
One of MSTR's core attractions is "BTC only in, never out," but now this story no longer holds.
Actually, this move is a bit strange because Strategy's USD Reserve as of May 31 still had $900 million, enough to pay interest, and they only sold a tiny amount, possibly to test market reactions,
but Saylor previously said they buy dozens of coins for every one they sell, so maybe this is just to let everyone see how they operate.
The most critical thing now is to observe whether coin selling becomes routine in the future; if so, it will mark the beginning of a big waterfall.