Strategy Sells 32 BTC for $2.5M

[LogitechMouse]

I saw this on the news which I want us to discuss on this forum. Michael Saylor has said before that Strategy will sell bitcoin and he gave the reasons for that. He has sold the bitcoin. He sold 32 BTC for $2.5M at an average sale price of $77,135 per Bitcoin.
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I noticed bitcoin price and the crypto market are in red right now. I think this is one of the major reasons for the fall in few hours ago till now.

But the amount sold is small compared to the amount they are buying.

I can't remember or hear him saying that he will be selling some Bitcoin TBH. I might be dumb enough to not remember him or what, but TBH, this is kind of expected already. I mean no one in the world will not sell their assets especially if they know that they're in profit already. Also, Saylor is a businessman and businessmen care about profits more than anything in the world.

Unfortunately, this sell-off that Saylor made had a negative impact towards the crypto market and we saw Bitcoin tumbled from around $72,000-$73,000 just yesterday to now around $70,000. That all happened in just a few hours. Yes, it's one of the major reasons why the market fell down. With this one, I expect that Saylor might continue doing it, and every sell that he do also might have a negative effect towards the sentiment of the investors.

[BABY SHOES]

Saylor sold 32 BTC ... immediately panic selling caused the market to crash a little and is now in the $70K area, try to imagine if Saylor's 800K BTC holdings were sold then the market reaction would be even harder.

When this news appears, it will become a FUD that is spread by many media, then investors panic like a frenzy afraid of prices falling worse in the end they sell for fear of big losses, things like this will not be strange, when institutions want to sell plans we must be prepared for negative news.

[OcTradism]

Saylor sold 32 BTC ... immediately panic selling caused the market to crash a little and is now in the $70K area, try to imagine if Saylor's 800K BTC holdings were sold then the market reaction would be even harder.

When this news appears, it will become a FUD that is spread by many media, then investors panic like a frenzy afraid of prices falling worse in the end they sell for fear of big losses, things like this will not be strange, when institutions want to sell plans we must be prepared for negative news.

You can not stop people who did not prepare for Strategy's selling in Bitcoin market, and did not prepare their finance to psychology for it, so you can not stop their panic response with selling orders in this market. They will soon see the market recovery from this fall, and realize their mistakes, bad decisions and some of them can change and improve themselves after this market fall. Only some of them, not all, as many people can not change themselves from learning for more knowledge, strengthening their mentality for better control of emotion and decision making.

It's about them, now it's about you or us, we all can take advantage of their panic sells, market falls or crashes for accumulating more bitcoins than without such falls or crashes with same budget for purchases. When we can take advantage of it like this, we would feel very happy.

[BitMaxz]

Just the thought of somebody like Saylor selling bitcoin in the range of millions of dollars worth would spook others into selling theirs. But from all the technical analysis terminology you have described above, you can also come to the conclusion that those bitcoins are being sold on an exchange and his company could be buying them back on the over-the-counter market (OTC).
Then the price would not increase if he did buy them back at a significant discount.
Wouldn't you think that was their strategic plan since the thought of selling in the first place?

Possible, because they have much more market experience and can see potential retracements at around $80k that lead to selling and then buying at a much lower price. Since they are looking for profit, then the approach they took is a way to make profit and to increase their holdings.
It's similar to retail investors who have analysis on the market; there's no problem with selling some of your holdings if you see the market is going to be bearish based on the analysis you see on the chart.

I know holding for the long term can make a good profit, but you will miss most of the profit and potential cheaper price if you do not act while you see the market is turning red.

[Wind_FURY]

It's LAUGHABLE that people are criticizing Chad Saylor's decision to sell a LITTLE amount of Bitcoin. It's also LAUGHABLE that there are people who are saying that he did it to cause the price to go down, then he could bid again.

 

NO, that decision to SELL is absolutely POSITIVE for Bitcoin, because it would show the rating agencies that Bitcoin is actual WORKING CAPITAL that those ratings agencies will NEED to recognize.

[MarryWithBTC]

Saylor sold 32 BTC ... immediately panic selling caused the market to crash a little and is now in the $70K area, try to imagine if Saylor's 800K BTC holdings were sold then the market reaction would be even harder.

Let's not dream of this because it is going to be disastrous for bitcoin. If less than 1 percent sell have this much impact, what then will happen when 100% is sold. BTC will definitely go to $10k.

Should we therefore acknowledge that Saylor can manipulate the market to a large magnitude?

NO, that decision to SELL is absolutely POSITIVE for Bitcoin, because it would show the rating agencies that Bitcoin is actual WORKING CAPITAL that those ratings agencies will NEED to recognize.

Exactly one of Saylor's reasons as I listened to his interview. I don't know why people think that an entity will continue to buy and buy without selling.

[freedomgo]

With this one, I expect that Saylor might continue doing it, and every sell that he do also might have a negative effect towards the sentiment of the investors.

If the market continues to go down, they will be forced to sell more because they still have to pay the dividends, and that is probably the only reason they are selling a small portion of the BTC they are holding. Since they already announced it, then that means it is official. It may not be a big sale compared to their total holdings, but if the pressure continues, they might have no choice but to keep selling more little by little.

In an SEC filing on Monday, Strategy (formerly known as MicroStrategy) announced it had sold 32 bitcoins in the last week of May to raise about $2.5 million to pay dividends to stockholders. The average sale price for the tokens was around $77,135 per bitcoin. Strategy’s stock price fell 5.85% on Monday after the disclosure. This is only the second time the company has sold a portion of its bitcoin holdings, with the last such sale taking place in December 2022.

[Satofan44]

My theory is that this is a test sale. They probably weren't in need to sell these 32 BTC, but they wanted to check how the market reacted. Because in the next years, they may run into situations where they'll have to sell 100, 1000, or 10,000 BTC sometimes.

Exactly, the amount is meaningless as if I sold $100 worth of Bitcoin. I don't need it, and any kind of overreaction by individuals puts the idiocy at the side of the individual.

But I agree with those that say that this 32 BTC are insignificant. The 411 BTC they originally moved would also still be insignificant. The daily trading volume is at 100,000+ BTC per day, and on a bearish day dozens of thousands of BTC are sold (i.e. sell orders "in excess" are added that are later executed).

It would be completely meaningless even if they sold 10km BTC. This is why many entities do not want to publicly hold Bitcoin but instead try to do it through private means, because people who are watching these things are idiots and have no better things to do than to overreact similar to the apes that they watch regularly on Social media doing reaction video.

And in the Bitcoin universe a "holder of last resort" makes absolutely no sense. This would roughly mean that all Bitcoin could eventually belong to a single entity. Bitcoin would not be longer decentralized. But the entity would also have no benefit at all.

I could understand the word "buyer of last resort". But Strategy buys much less in the deep Bitcoin winters than in bull markets and early bears. So they never were a buyer of last resort, nor will they ever be (probably), because their liquidity to buy Bitcoins increases in bullish phases when their bonds look more attractive (for long positions).

The strategy of this company is actually sub optimal if the goal is to acquire Bitcoin at every cost. If they wanted to acquire the most amount of Bitcoin for themselves without caring about anything at all then they should be trying to sell when prices are high and buy back when prices are low. When sentiment is questionable and people are technology obsessed zombies who assign a lot more influence to entities like this than they really have, so this works in their favor. They could easily crash the market by large sells and pump it back up by buying back based on the sentiment.

[bangjoe]

Saylor sold 32 BTC ... immediately panic selling caused the market to crash a little and is now in the $70K area, try to imagine if Saylor's 800K BTC holdings were sold then the market reaction would be even harder.

When this news appears, it will become a FUD that is spread by many media, then investors panic like a frenzy afraid of prices falling worse in the end they sell for fear of big losses, things like this will not be strange, when institutions want to sell plans we must be prepared for negative news.

But I'm waiting for that, it's very interesting if we can see bitcoin going down because of the panic of the holders, we can take the golden opportunity when people panic and make the market plummet, all we need to do is thank the media that muddies the market so that many people make hasty decisions when the news exploded.
I'm waiting for the price I'm targeting to accumulate more bitcoins, and honestly I need that so that after the Halving I can have enough bitcoins to enter the real bull market, isn't that an amazing scenario? Of course, so let the news flow and punish investors with weak hands.

[Z-tight]

Exactly one of Saylor's reasons as I listened to his interview. I don't know why people think that an entity will continue to buy and buy without selling.

You cannot completely blame people for taking Saylors word for it, he said they were never going to sell. Yeah, i, like a lot of others, knew they were surely going to sell some of their coins at some point in time, like they have done now, but those who believed otherwise did so because Saylor himself constantly repeated it.

Should we therefore acknowledge that Saylor can manipulate the market to a large magnitude?

Strategy holds a lot of BTC's. There are a lot of weak hands in the community that would panic and sell over the smell of fud, so yeah, you have your answer to your question right there. But what they wouldn't do is manipulate the market on purpose, i don't think they will do that, they'd sell their coins, just as i sell sometimes, but people would make the most out of theirs because they are big time holders.

[The Cryptovator]

I saw this on the news which I want us to discuss on this forum. Michael Saylor has said before that Strategy will sell bitcoin and he gave the reasons for that. He has sold the bitcoin. He sold 32 BTC for $2.5M at an average sale price of $77,135 per Bitcoin.

I noticed bitcoin price and the crypto market are in red right now. I think this is one of the major reasons for the fall in few hours ago till now.

But the amount sold is small compared to the amount they are buying.

It's nothing but panic. Due to this news, holders probably become panicked and start selling, resulting in Bitcoin dumping more. Strategy has announced before regarding their Bitcoin sale. It's a normal part of the crypto industry; people will buy and sell when necessary. We shouldn't think much about it and have to take care of our own holdings.

Most likely, the strategy will accumulate Bitcoin again, and it will be more than their sold Bitcoin. For me, I hold my Bitcoin for my needs, so when I need to sell, I sell my Bitcoin, never mind what the current price is. Most probably Bitcoin would dump more due to this panic, but for me, I am thinking of accumulating a little more Bitcoin.

[BitMaxz]

I do not contest your technical analysis, but I want you to understand that 32 BTC can shift the market depending on who sold it and the manner they sold it. If an ordinary individual sold wey more than 32 BTC, it might not affect the market. But for the fact it's coming from Saylor will make it more dramatic.

Some people believe Saylor will not sell, when he starts selling, he is definitely seeing something we all are not seeing. So, this set of people will panic even if Saylor sold 1 BTC.

So, it is not all about the amount sold, but who sold it. I listened to Saylor's interview about the reason he would need to sell and I agreed with him. People don't need to panic because he sold.

Well, the news about Saylor has some effect because he is popular; the news about Saylor's sales also helps to strengthen the Fibonacci sequence. However, the panic sell is not only due to this news; it is normal for the BTC price to drop. According to technical analysis, even President Trump could have an impact on the market, potentially leading to panic selling.

My whole point is they help the technical analysis, like the Fibonacci sequence, to be followed to make them people think they can control the price, but they can't.

[legiteum]

Saylor reversing years of his (very loudly) stated policy is an earthquake for Bitcoin, but in my opinion, Trump dumping his Bitcoin is far more bearish.

Trump dumping his Bitcoin means that support from the US government--which drove a huge bull market for BTC last year--is now clearly not going to happen. I suspect that Trump himself knows that things like forcing the US taxpayers to buy Bitcoin (aka "Bitcoin reserve") is such a toxic notion that even he can't pull it off (and he can make a lot more money doing other things right now, so it's not worth the fight).

Remember, Bitcoin is just a meme investment, so it's 100% dependent on the sentiments of the masses and not attached to any tangible thing like a stock or a bond that has a profitable business behind it. As such, things like what Trump, Saylor, Musk, and Mark Cuban say is everything.

[Cryptomultiplier]

I saw this on the news which I want us to discuss on this forum. Michael Saylor has said before that Strategy will sell bitcoin and he gave the reasons for that. He has sold the bitcoin. He sold 32 BTC for $2.5M at an average sale price of $77,135 per Bitcoin.

I noticed bitcoin price and the crypto market are in red right now. I think this is one of the major reasons for the fall in few hours ago till now.

But the amount sold is small compared to the amount they are buying.

It's nothing but panic. Due to this news, holders probably become panicked and start selling, resulting in Bitcoin dumping more. Strategy has announced before regarding their Bitcoin sale. It's a normal part of the crypto industry; people will buy and sell when necessary. We shouldn't think much about it and have to take care of our own holdings.

Most likely, the strategy will accumulate Bitcoin again, and it will be more than their sold Bitcoin. For me, I hold my Bitcoin for my needs, so when I need to sell, I sell my Bitcoin, never mind what the current price is. Most probably Bitcoin would dump more due to this panic, but for me, I am thinking of accumulating a little more Bitcoin.

One thing about whale investors is exactly what Michael Saylor has done, and that is that they can sell their large portfolio of BTC at any time and then the market will of course react by taking a dip and causing FUD for those who are new and don't understand this happenings yet.
The market definitely to took a downward turn after this huge sale but am sure it isn't just all of his Bitcoin investment he sold, but just a part of it perhaps for some other investment purposes.
This is just how volatility can be influenced and while others may panic, it is good retail investors use this opportunity to accumulate more BTC and hold for the future value of when the price pumps to another ATH in the future.

[puloweh555]

Isn't that very small compared to what they hold? Still though, It would make so many people nervous since most people think Saylor is an holder of the last resort, meanin he would buy forever without selling. But somehow, he sold some. Yes the amount is tiny but what if he is about to unload the rest soon? That would create lots of panic in the markets. Maybe he planned this all along. We don't know. I guess we will live and find out.

The current market movement isn't a matter of Saylor selling at a small or large price but rather he has previously stated that he has never sold Bitcoin, instead, he will continue buying.

But now after four years of restraint he is suddenly selling Bitcoin. Indeed, the sale amounted to only 32 BTC of the total 843,706 BTC held by Strategy. In other words he only sold 0.003% of his holdings. However, the problem is that he is the largest holder, holding 4% of the total Bitcoin supply.

So it's understandable that the current price is dropping because many people are panicking after seeing him sell a small portion of BTC and now people will be watching to see whether this is a one-off or the beginning of a new pattern of repeated selling. We need to pay attention to this because every time Bitcoin declines, we should be able to seize the opportunity to continue buying.

[d5000]

The strategy of this company is actually sub optimal if the goal is to acquire Bitcoin at every cost. If they wanted to acquire the most amount of Bitcoin for themselves without caring about anything at all then they should be trying to sell when prices are high and buy back when prices are low.

My guess is that they buy Bitcoin when it's most convenient for them, i.e. when they feel that there is potential that they can sell more bonds. That potential depends on the investors' belief where the Bitcoin price is going to go.

This means they would buy probably in those situations:

- when the market is bullish (but only while it makes sense for them, as they can't buy every day)
- in "dips" when at least a part of investors believe the market could become bullish again
- deeper in the bear market when there are some signs the market could turn bullish again

While they highly depend on the BTC/USD price, it isn't important for them in the two last situations that the price indeed turns bullish. Low Bitcoin prices can also have advantages for them: as the share prices are low in bearish BTC/USD situations, and their running costs of the company are low, they can then use their capital to buy back shares. What matters is that the system stays more or less balanced, so in the next favourable (bullish) phase - even if it's an intermediate phase - they can expand again.

[OgNasty]

I was just reading about Polymarket ruling the wrong way on Strategy selling bets because it was disclosed a day later. The lawsuits are going to come pouring in now. Polymarket had better figure something out. This is the sort of thing that can absolutely destroy a business.

[Just Say]

This is one concern I've always raised about the huge accumulations of MicroStrategy. There's no way a company with such influence in the market will make announcements of either buying or selling that the market won't react. 32 BTC isn't a big number if we're being honest but since the news headline will read "Strategy sold Bitcoin" it's very normal that the market will react.

Strategy is a dominant company, we all know that so at present they have sold a very small amount of BTC i.e. they have sold only 32 BTC which has now shaken the cryptocurrency market. Actually this company's method of collecting Bitcoin was regular and they mentioned that they would never sell and if they sell they would try to buy more Bitcoin but at present this company has broken their accumulation trend. At this stage you are right since Strategy is a very large BTC holder so if they sell for a small amount of Bitcoin then it will still be written in the headlines which I think is enough to push the market down. It also seems that another reason for the market to move slightly lower is that Mt Gox has transferred 10,422 bitcoins to a new wallet.

On-chain analytics showed Mt. Gox moving roughly 10,422 BTC worth $739 million to new wallets. The bulk, about 10,306 BTC, landed in a previously unseen address starting with 14FEEMRh. A smaller portion was routed to a known Mt. Gox hot wallet before further forwarding. Tracking by Arkham Intelligence and other on-chain monitors confirmed no immediate deposits to exchanges and no large-scale selling activity.

[AakZaki]

I noticed bitcoin price and the crypto market are in red right now. I think this is one of the major reasons for the fall in few hours ago till now.

Several times I saw you making a thread about Bitcoin price movements even on one occasion I saw you claiming to be a trader.
But is a trader only fixated on the information about the Strategy that only sells 35 BTC?

Ooh.. That's very shallow about his fundamental analysis knowledge, let me tell you that in the last few days it's not just Strategy that sold its BTC which is only 35 BTC, but even big companies like Blackrock, Fidelity, Grayscale and many more EFT companies that sold their BTC.

But unfortunately this data is not realtime, maybe if this data is realtime we can read to this day that BTC from Bitcoin ETFs continues to sell.

source: Bitbo

Or would you like to read about what I did below? You need to know that if you claim to be a trader, never assume something that doesn't make sense. You need to use more valid data,, unless you are an Investor who makes assumptions based on expectations.

I made the analysis below even long before the news of "Strategy" selling its BTC.

Take a look at the screenshot that I will share below, for the past three weeks I have not cared about any fundamentals that will happen because I have already predicted and made a pattern of the direction that will happen to Bitcoin.

Here is a screenshot that I posted on another forum on May 10, 2026 ago, I believe that the direction will be as it is in this screenshot.

10-05-2026

02-06-2026

And what happened today 02-06-2026 the pattern seems to follow what I described and follow the pattern I described, regarding the Lower limit that I censored because I know this should not be an example of the price that needs to be followed, it's just that I want to straighten out the incorrect view.

No it is not, stop making up shit already. The world does not revolved around Strategy.  A lot of the users here are completely shitposting and think that the whole world of Bitcoin somehow revolves around Strategy, that is not how a mature market operates.

Hi.. Bro, most of them always adore Strategy and even the method he uses, namely DCA. lol
So don't be surprised, when the price of Bitcoin fell they were still associated with the news of the Strategy selling its BTC.

[Oshosondy]

Ooh.. That's very shallow about his fundamental analysis knowledge, let me tell you that in the last few days it's not just Strategy that sold its BTC which is only 35 BTC, but even big companies like Blackrock, Fidelity, Grayscale and many more EFT companies that sold their BTC.

If you are on WO, you will have seen me posted about the reason the bear market Michael Saylor and many other people like CZ said is not coming. I said it is coming because I compare companies like Strategy, Metaplanet with ETF companies and also the Whales and other retail investors. I even make a thread about it when bitcoin was still over $110000, you failed to read it.

This is very simple, more people are selling bitcoin ETF, did you want Blackrock to still be holding the coins? If more people buy the ETF shares, the ETF companies will buy more bitcoin. What if they are selling? You should expect the ETF companies to sell more bitcoin which can even be automated. I am also on Altcoinstalks, we have discussed this either on this forum or on Altcoinstalks.

We recently discussed about 11 days of consecutive bitcoin ETF outflow.
Recently we still discussed the highest day bitcoin EFT outflow.

Did you even know I also posted about 21000 BTC that miners moved to Binance? Although the thread later headed to not favour my analysis that bitcoin can also fall for the reason. Of which as it was on the news, I believe it can.

There was also a thread about Trump sold bitcoin.

Do not use a thread to just make a conclusion.

There is nothing new that you have posted.

I posted this when I found out more about what ETFs are:

Did you know the reason I asked this question? Bitcoin ETF

I asked because of something like this: Parabolic bull markets and devastating bear markets are over’ — BTC analyst which was uploaded like 10 minutes ago.

If many people are dumping their ETF shares during bear bear market, I do not want to buy such news and what people like Michael Saylor are saying.

Some people still say bear market will come also but more people think it is over.

I still think it is not over but the volatility is reducing. Bitcoin will not just fall much like before but it may still fall. Only what makes me still wait to determine the price it may fall to is its all time high that we do not know yet.

For now I still think it can fall between $46000/$74000 with $123200 all time high.

Yet I still posted this:

I can remember that philipma1957 against me on some threads on the speculation board that there will not be a bear market or something like the 4 year cycle is over.

After making investigation about whales, peoplen and ETFs. And what asset managers like Michael Saylor are saying that there will not be a winter season, I was not convinced because there is nothing backing that up yet. Asset managers like Strategy and company like Metaplanet are not yet enough to defend the price is what I noticed. ETFs are not just there at all was what I used to finally make my conclusion.

It is now showing like bitcoin might fall between $59000 and $63500.

Bitcoin fell from $69000 to $15500 in the last cycle, that is 4.45x volatility
If bitcoin still fall to $50000 from $126500, that is still 2.52x volatility

That still means that there is reducing volatility as bitcoin adoption increased.

Bitcoin fell 99x before the first halving
33x before the second halving
5.16x before the third halving
4.45x before the fourth halving
If it is 2.52x now if bitcoin fall to $50000, it is still means the volatility reduced. But I think bitcoin may not go below $57000. I may be wrong, but this is what I analysed.

The bear market was confirmed around $90000 since many weeks ago when bitcoin failed to get to $100000.

One of the major reasons does not mean it is the only reason.