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Strategy's 32 BTC Sale on June 1 Triggers Market Volatility as Losses Mount to $11-12B

Stocks Price Volatility

2026-06-05 16:02:21

BTC-3.46%

According to Grayscale Head of Research Zach Pandl, Strategy (MicroStrategy) sold 32 Bitcoin on June 1, triggering market volatility despite the sale's modest size relative to its total holdings. The sale shifted sentiment around Strategy, which holds more than 818,000 BTC valued near $55 billion but faces an estimated unrealized loss between $11 billion and $12 billion as Bitcoin trades near $62,000, below the company's estimated average purchase price of $75,500-$75,700 per BTC. The incident raised concerns about Strategy's ability to maintain its accumulation pace, while the price of STRC, Strategy's preferred equity instrument, has fallen below $100, potentially forcing higher dividend obligations that could constrain future Bitcoin purchases.

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In-Depth Analysis

Strategy's 32 BTC Sale Sparks Grayscale Concerns Over Leveraged Model

Daniel Carter4h ago

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