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Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin
Michael Saylor says Strategy aims to make STRC the world’s best credit instrument after the company sold bitcoin to help fund preferred stock distributions
Jun 1, 2026, 4:06 p.m. 2 min read
What to know:
- Strategy sold 32 bitcoin for roughly $2.5 million, with proceeds expected to fund distributions on its STRC preferred stock.
- “Our goal is to make STRC the best credit instrument in the world,” Saylor said on X, signaling Strategy’s growing focus on its preferred stock.
- The sale has sparked comparisons to the company’s December 2022 bitcoin sale near the market bottom, prompting speculation the company may have once again sold near a market bottom.
The post came after the company said it sold 32 bitcoin for about $2.5 million last week. Proceeds from the sale “are expected to be used to fund distributions on preferred stock,” it said in an 8-K filing.
While the filing directly linked the sale to the dividend payment, Saylor’s decision to highlight the equity rather than the bitcoin sale is likely to reinforce investor perceptions that the company is increasingly focused on building its preferred stock while growing bitcoin exposure on a per-share basis.
Saylor has repeatedly argued that Strategy evaluates financing and capital allocation decisions through the lens of bitcoin per share and increasing shareholder value rather than simply maximizing the amount of bitcoin it owns.
