Strategy Discloses First Bitcoin Sale for Over $2.5 Million

Strategy, a company known for its significant holdings in bitcoin, has made its first disclosed sale of the cryptocurrency. According to an 8-K filing submitted by the company, it sold 32 bitcoins between May 26 and May 31 at an average price of $77,135 per coin.

The proceeds from this sale will be used to fund distributions on Strategy's preferred stock. This move highlights the company's ongoing efforts to balance yield stability with its ambitious bitcoin acquisition strategy.