Strategy just sold Bitcoin for the first time since 2022.
32 BTC. $2.5 million. To pay preferred stock dividends.
And then Michael Saylor posted "working better" on social media.
Let me decode what actually happened here.
Strategy confirmed its first Bitcoin sale in the June 1 Form 8-K filing โ offloading 32
$BTC for approximately $2.5 million during May 26-31, while maintaining a massive 843,706 BTC treasury. Spoted Crypto
32 BTC sold. 843,706
$BTC held.
That's 0.0038% of their treasury.
They sold less than 4 thousandths of one percent of their Bitcoin to pay dividends. That's not a change in strategy. That's operational finance.
And then Saylor posted "working better" โ which the market historically reads as a new Bitcoin purchase incoming.
Meanwhile:
โ
RSI approaching 35 โ oversold territory
โ
Selling momentum visibly weakening
โ
$443M buy orders still at $70K-$72K
โ
85% of BTC in cold storage โ unchanged
โ
Satoshi-era wallet woke up after 15.8 years โ moved 20 BTC
๐ BTC today:
โ Price: $71,400 โ June 2 open
โ Strategy sold: 0.0038% of treasury โ noise โ
โ Saylor "working better": buy signal โ
โ RSI 35: approaching oversold โ
โ Support: $70,000-$71,000
0.0038% sold. 843,706
$BTC held.
"Working better."
Read between the lines.
#Bitcoin #Saylor #Strategy #BinanceSquare #BlockchainAssocBacks401kCrypto