Strategy sells bitcoin for first time since 2022, signals operational flexibility

Strategy sold 32 bitcoins between May 26 and May 31, its first sale since December 2022. The company received about $2.5 million, at an average price of $77,135 per bitcoin. CEO Phong Le said the sale was a planned test of internal processes, not a change in long-term goals. Strategy has also updated its policy. It used to follow a strict "never sell" rule, but it will now consider selling bitcoin when doing so improves key financial numbers or funds dividend payments. After the sale, the company bought 1,550 bitcoins in early June at an average price of $65,332 each. Strategy currently holds 845,256 bitcoins in total, bought for approximately $63.97 billion overall.