#StrategyFirstBitcoinSale

Bitcoin retreats under $72,000 as Strategy unloads BTC for first time in four years

Crypto markets continue to struggle even as risk markets across the globe surge higher.

Strategy (MSTR) Executive Chairman Michael Saylor hints that last week's sales of bitcoin were about supporting the company's high-yielding STRC preferred stock.

"Our goal is to make $STRC the best credit instrument in the world," Saylor tweeted minutes ago.

Saylor has said much the same thing on many other occasions. This being apparently his first public comment since the BTC sales were disclosed, however, suggests Strategy will sell bitcoin to support STRC even as that might temporarily depress the price of bitcoin.

STRC earlier held the STRC monthly dividend at 11.5% for the fourth consecutive month. STRC is marginally lower on Monday at $98.91. A dividend hike might be in order next month were the price to hold that far below par during June.

MSTR is lower by 6.2% as bitcoin continues to drift lower, now down more than 3% at $71,300.

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