MicroStrategy Strategy sells 32 BTC for the first time! MSTR drops 5% pre-market, breaking the "never sell coins" myth

"Die-hard HODLers" Strategy (formerly MicroStrategy) Actually Sold Coins!
According to the latest 8-K filing released today (1st), the company sold 32 Bitcoin for the first time last week, at an average price of about $77k.
This breaks the public's long-standing impression of its "never sell" stance.
(Background recap: DAT crypto reserve company profit and loss overview! Strategy lost $1.9 billion, two companies with $HYPE have unrealized gains)
(Additional background: Arca investment chief warns: Strategy's $15 billion preferred stock is "out of control," with a 90% chance of selling coins this year)

The world's largest corporate Bitcoin whale has finally demonstrated its flexibility in asset management to the market.

According to the latest Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) by Strategy (formerly MicroStrategy) on June 1, 2026, the company conducted its "first" Bitcoin sale last week, drawing significant attention from the crypto market.

Thunder but little rain: only sold 32 BTC, less than 0.004% of total holdings

Last week, blockchain data detected Strategy's address transferring about 411 BTC to the crypto exchange Coinbase Prime, sparking panic speculation in the community that "MicroStrategy is about to dump a large amount." However, the financial report released today confirms that this move was "more noise than substance."

According to the 8-K filing, the specific details of Strategy's recent sale are as follows:

| Transaction Item | Specific Data |
| --- | --- |
| Quantity Sold | 32 BTC |
| Average Sale Price and Total Cashing Out | About $77,135 on average / total approximately $2.47 million |
| Sale Proportion | About 0.0038% of total holdings (very small scale) |
| Remaining Holdings | 843,706 BTC (average cost about $75,699) |

Because the sale volume was minimal, the market generally views this as a "tactical move" (such as tax loss harvesting or small liquidity testing) rather than a negative impact on Bitcoin's price. However, possibly influenced by this, MicroStrategy's stock MSTR dropped 5% before the US stock market opened today.

Saylor's Perspective: Moderate Selling Strengthens BTC's "Financial Attribute"

Over the past years, Strategy Executive Chairman Michael Saylor has been one of the most well-known "die-hard HODLers" in the crypto market, with the slogan "Never sell" deeply ingrained in people's minds. Why choose to break this myth now?

In fact, Saylor and CEO Phong Le have recently announced multiple times that the company's strategy has been slightly adjusted. Saylor pointed out that Strategy might indeed sell small amounts of BTC in the future to leverage liquidity (for example, for dividends, debt optimization, etc.), but overall, the company will maintain its core policy of "continuous net buying." Saylor explained:

"We might sell 0.2% of our BTC in a month, but within the same month, we could buy five or ten times that amount."

He further emphasized a key financial logic: If the market believes the company will "never sell BTC," it could actually weaken Bitcoin's "financial attribute" and "credit rating logic."