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MicroStrategy’s first Bitcoin sale in 3½ years drops price to $69,690, a 3.8% fall, while the firm still holds 843,706 BTC.
MicroStrategy’s disclosure that it sold 32 bitcoin for about $2.5 million pushed Bitcoin’s price to $69,690, a 3.8% slide from the prior day and the first sub‑$70,000 close since April 8 2026 [1].
| At a glance | |
|---|---|
| Price | $69,690 |
| 24h change | –3.8% |
| Catalyst | MicroStrategy sold 32 BTC |
| Holding after sale | 843,706 BTC |
In an SEC filing, Strategy (formerly MicroStrategy) said the 32 bitcoin were sold in the last week of May at an average price of $77,135 each, raising roughly $2.5 million to fund a dividend to shareholders [1]. The announcement sent Strategy’s stock down 5.85% and coincided with Bitcoin’s brief dip below $70,000, ending a run that had kept the cryptocurrency above that level for more than two months. Other major tokens—Ether, BNB, XRP—remained flat, underscoring the sell‑off’s focus on Bitcoin rather than a broader market shift [1].
Even after the sale, Strategy still controls 843,706 BTC, bought at an average cost of $75,699, making it the world’s largest institutional Bitcoin holder [1]. Earlier in the year the firm reported a portfolio of 815,061 BTC acquired for about $61.56 billion at $75,527 per coin, surpassing BlackRock’s spot‑ETF vehicle IBIT by roughly 8,000 coins [2]. Strategy’s “zero‑dilution” financing loop—perpetual preferred stock yielding 11.5% that is funneled directly into spot Bitcoin—has generated a 6.2% BTC yield YTD and a $3.6 billion gain in early April [2]. The company still has $26 billion of at‑the‑market capacity on common shares and $1.6 billion left in its STRF preferred vehicle, earmarked for a push toward a 1‑million‑coin target by year‑end [2].
Bitcoin’s price was down more than 8.4% versus the previous week, but the broader crypto market showed little movement, suggesting the dip was tied to the institutional sale rather than a systemic sell‑off [1]. The price now sits near the lower end of a quiet range around $78,000, a zone many retail participants view as a “generational accumulation” area rather than a peak [2]. Wall Street forecasts for Bitcoin remain divergent, with JPMorgan’s near‑term bull case at $170,000 and Citigroup’s trimmed 2026 base case at $112,000 [2].
MicroStrategy’s modest sale illustrates how even a small, high‑profile off‑load can move Bitcoin’s price, yet the firm’s massive remaining stash keeps it at the center of the institutional Bitcoin narrative. Whether the company’s “zero‑dilution” loop can sustain buying pressure as prices hover in the $70‑$80 k band remains the key question for the market.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 25, 2026 · How we report
MicroStrategy holds 447,470 Bitcoin, valued at roughly $44.3 billion.
The offering is intended to provide capital for further Bitcoin acquisitions and will be senior to the company’s Class A common stock.
The $1.5 billion debt repayment reduced cash reserves by about 38% and lowered the STRC preferred‑stock price, increasing pressure on dividend coverage.
The company sold approximately 2.7 million common shares, raising $335.5 million, of which $300 million was allocated to its cash reserve.
Analysts cite dilution risk for shareholders, reliance on Bitcoin volatility for capital access, and the strain of rising preferred‑dividend obligations on liquidity.