Strategy shares fall after selling $2.5 million in bitcoin, its first sale since 2022
Key points
- Michael Saylor, Chairman & CEO, MicroStrategy, pauses as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.
- Michael Saylor's Strategy sold bitcoin last week for the second time ever as geopolitical uncertainty continues to weigh on the bitcoin price and crypto market broadly.
- Between May 26 and May 31, Strategy sold 32 coins for $2.5 million, and at an average of $77,135 per coin, according to a Monday filing.
- The company also sold 801,994 shares of common stock, raising $128.3 million, in the same period.
- Shares fell more than 6% in premarket trading.
Quick Summary
Michael Saylor, Chairman & CEO, MicroStrategy, pauses as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Strategy shares fall after selling $2.5 million in bitcoin.
Key Takeaways
- Michael Saylor, Chairman & CEO, MicroStrategy, pauses as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.
- Michael Saylor's Strategy sold bitcoin last week for the second time ever as geopolitical uncertainty continues to weigh on the bitcoin price and crypto market broadly.
- Between May 26 and May 31, Strategy sold 32 coins for $2.5 million, and at an average of $77,135 per coin, according to a Monday filing.
- The company also sold 801,994 shares of common stock, raising $128.3 million, in the same period.
- Shares fell more than 6% in premarket trading.
📌 Source: CNBC
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