Bitcoin Dips Below $72,000 as Strategy Confirms Sale of 32 $BTC for $2.5 Million

Bitcoin briefly traded under $72,000 after Strategy (formerly MicroStrategy), chaired by Michael Saylor, disclosed it sold 32 Bitcoin last week for approximately $2.5 million.

The sale, revealed in an SEC filing, took place between May 26 and May 31 at an average price of around $77,135 per BTC. It marks the company’s first Bitcoin disposal since 2022. Proceeds will support distributions on Strategy’s preferred stock. While the amount is tiny - just 0.004% of Strategy’s ~843,700 $BTC holdings - the news triggered immediate market reaction. Bitcoin slipped below $72,000 and Strategy shares (MSTR) fell in pre-market trading. Analysts described the move as routine treasury management rather than a major policy shift, though it has renewed discussion about potential future sales to cover dividend obligations