# MicroStrategy sells 32 Bitcoin, first liquidation in years

**Published:** 2026-06-28T18:37:00.681Z  
**Topic:** Microstrategy Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/250734b2-f172-452c-8012-127efd039aa6

MicroStrategy sold 32 BTC for $2.5 million, breaking its “never‑sell” rule and sparking debate over future liquidity needs.

MicroStrategy (NASDAQ:MSTR) sold 32 Bitcoin at an average $77,135 per coin, generating roughly $2.5 million to fund preferred‑stock obligations – the first outright Bitcoin liquidation since the firm adopted its “never sell” stance [1].

| At a glance | |
|---|---|
| Sale size | 32 BTC |
| Sale price | $77,135 per BTC |
| Proceeds | ~$2.5 million |
| Catalyst | Preferred‑stock dividend funding [1] |

## What drove the sale  
The June 1 SEC filing shows the company needed cash to meet obligations tied to its preferred‑share program, prompting the modest sale [1]. While the transaction represents less than 0.004 % of MicroStrategy’s total holdings, it is symbolically significant because the firm had publicly pledged never to liquidate Bitcoin. The sale follows a $900 million cash reserve that was intended to cover such obligations, suggesting the reserve alone may be insufficient as preferred‑share commitments grow [1].

## Context and market reaction  
MicroStrategy still holds 843,076 Bitcoin at an average cost of $75,699 per coin, a figure now underwater given Bitcoin’s market price of about $67,338 [1]. The company’s earlier large purchase of 24,869 BTC for roughly $2.01 billion in May 2026 underscores that the 32‑BTC sale was a liquidity move rather than a strategic retreat [2]. Social media amplified the news because the firm is viewed as a proxy for long‑term Bitcoin accumulation; however, the actual trade was tiny—equivalent to less than half a coin for an investor with a 10,000‑BTC position [2].

## Potential feedback loop  
Analysts warn that lower Bitcoin prices could increase pressure on MicroStrategy’s balance sheet, potentially forcing additional sales that might further depress the cryptocurrency’s price—a negative feedback loop [1]. The company’s growing preferred‑stock obligations, which require fixed dividend payments regardless of Bitcoin’s price, could make future liquidations more likely if the price remains below the firm’s cost basis.

## What to watch  
- Bitcoin price levels around $65,000 and $70,000, which could trigger further balance‑sheet pressure.  
- Upcoming preferred‑stock dividend dates that may require additional liquidity.  
- Any new SEC filings from MicroStrategy indicating further Bitcoin disposals.

The sale shatters the “never‑sell” narrative and raises a key question: if Bitcoin stays below MicroStrategy’s average cost and preferred‑stock obligations keep rising, will this modest liquidation be a one‑off or the first of a series of liquidity‑driven sales?

## Sources
1. AOL — [Michael Saylor’s Strategy Just Did the Unthinkable — It Held Its First Bitcoin Liquidation](https://www.aol.com/articles/michael-saylor-strategy-just-did-161619490.html)
2. Cointelegraph — [Why Strategy’s 32 Bitcoin sale became a bigger crypto debate](https://cointelegraph.com/learn/why-strategy-sold-bitcoin)

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Cite as: TrendWatcher, "MicroStrategy sells 32 Bitcoin, first liquidation in years", https://www.trendwatcher.in/article/250734b2-f172-452c-8012-127efd039aa6