Michael Saylor had one message about Bitcoin: never sell.
He turned Strategy (NASDAQ: MSTR), formerly MicroStrategy, into the largest corporate holder of Bitcoin in the public markets
Now that message just cracked. Michael Saylor’s Bitcoin company Between May 26 and May 31, Strategy sold 32 Bitcoin for roughly $2.5 million, according to a company filing. It was Strategy’s first Bitcoin sale since 2022, and it brought the company’s holdings down to 843,706 BTC.
The amount is tiny. Strategy held 843,738 Bitcoin as of May 25, a stake worth roughly $61 billion at current prices. But it matters because of who did it and what they said for years.