Strategy (MSTR) Shares Drop 6% After First Bitcoin Sale Since 2022

Strategy (MSTR) shares fell over 6% to $151 on June 1, 2026, after the company disclosed it sold 32 bitcoin for $2.5 million, its first sale since late 2022. The move marks a pivot from relentless accumulation to active balance sheet management aimed at boosting its “bitcoin per share” metric. CEO Phong Le said in November 2025 that selling bitcoin to fund dividends would be a “last resort,” and Executive Chair Michael Saylor signaled in May 2026 that sales were possible before year-end. Strategy, the largest public holder of bitcoin, had long gained a cult following under Saylor’s “never sell” ethos. The sale raises questions about whether further disposals will follow, potentially shaking conviction in the corporate bitcoin giant.