Strategy Sells Bitcoin for First Time Since 2022 to Fund Preferred Dividends
TLDR
- Strategy sold 32 BTC from May 26 to May 31 for about $2.5 million.
- The sale equals about 0.0038% of Strategy’s 843,706 BTC holdings.
- Strategy said proceeds are expected to fund preferred stock dividends.
- The USD Reserve balance was $900 million as of May 31, 2026.
- STRC’s June dividend rate remains 11.50% per year.
Strategy has sold a small amount of bitcoin for the first time since its 2022 tax-loss trade. The company sold 32 BTC between May 26 and May 31 for about $2.5 million, according to an SEC filing. Strategy said the proceeds are expected to help fund preferred stock dividends, while its bitcoin holdings remain large as of May 31 2026.
Small Bitcoin Sale Follows 2022 Trade
The sale covered 32 BTC from May 26 through May 31. Strategy reported proceeds of about $2.5 million. After the transaction, it reported 843,706 BTC held as of May 31, 2026. Those bitcoins were acquired at a total cost of $63.87 billion. The average purchase price was $75,699 per bitcoin, based on the filing.
The company last sold bitcoin in December 2022, when it sold 704 BTC for tax-loss harvesting. It then bought more bitcoin two days later. The latest sale was linked to preferred dividend funding. The filing did not state a change in bitcoin policy. The 32 BTC sale equaled about 0.0038% of reported holdings. No other sale reason was listed.
The latest sale came during a period when Strategy continued to report a large bitcoin treasury. The filing did not describe any bitcoin repurchase tied to the 32 BTC sale. It presented the sale proceeds as expected funding for preferred dividends, and it listed the holdings after the transaction date.
Dividend Payments Set for June 30
On May 30, 2026, Strategy’s board declared cash dividends on five preferred stock series. The dividends are payable on June 30, 2026, or the next business day. Stockholders of record on June 15, 2026, are listed for payment. The filing uses New York City time, and STRE uses London time.
STRF, STRE, and STRD each carry a $2.50 dividend per share, with STRE paid in euros. STRK carries a $2.00 dividend per share. STRC carries a monthly cash dividend of $0.958333333 per share. Strategy said that amount represents an 11.50% annual rate for the month ending June 30.
The variable rate preferred stock was also addressed on May 31, 2026. Strategy announced that STRC would maintain its regular dividend rate at 11.50% per year. The rate applies to monthly periods beginning on or after June 1, 2026. The company said it announced the rate through its website, www.strategy.com/strc.
USD Reserve Supports Preferred Stock Payments
Strategy said it established a U.S. dollar reserve on December 1, 2025. It called the reserve the “USD Reserve” in the filing. The reserve is a management-designated part of liquidity. It is intended to support preferred stock dividends and interest on outstanding debt. As of May 31, 2026, the balance was $900 million.
The company said expected tax treatment may classify the June 30 distributions as non-taxable return of capital. That treatment applies only to the extent of a shareholder’s tax basis. Strategy referred shareholders to their tax advisers for federal, state, local, and non-U.S. tax matters. It also noted that special tax rules may apply.
Strategy also said its website dashboard is a disclosure channel for broad public distribution. The dashboard includes market prices, bitcoin purchases, holdings, and selected performance metrics. The company said investors should review the website. The Form 8-K stated that Item 7.01 information is furnished. It is not filed under Section 18 of the Exchange Act.
The post Strategy Sells Bitcoin for First Time Since 2022 to Fund Preferred Dividends appeared first on CoinCentral.
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