Strategy sold 32 BTC for $2.5 million in late May, filing shows
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Strategy is selling 32 BTC for $2.5 million, with the sale taking place from May 26-31 at an average price of $77,135 per coin, according to an 8-K filing. Proceeds from the sale will fund distributions on Strategy's preferred stock, indicating a strategic move to meet financial obligations. Market sentiment remains cautious, with investors closely monitoring crypto entities' financial decisions.
The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock.