Michael Saylor's Strategy sells 32 Bitcoin, sparking doubts over STRC preferred stock

Strategy Investments, led by Michael Saylor, sold 32 Bitcoin from its treasury of over 843,000 BTC for roughly $2.5 million. The modest sale caused Bitcoin to dip below $72,000 and triggered heightened market anxiety, as investors questioned the firm’s long‑standing “never sell” stance.

The transaction also funded dividend payments on STRC, a preferred‑share instrument that had been designed to trade near $100 and offer an 11.5 % annual yield. Recent pressure on Bitcoin’s price and a slip of STRC below the $100 psychological level have revived concerns about the sustainability of the dividend model and the overall financial structure supporting Strategy’s large Bitcoin holdings.