Strategy (MSTR) Sells 32 Bitcoin and Raises $128M in Latest Update

Strategy (NASDAQ: MSTR), the largest corporate holder of bitcoin, published a corporate update covering the period of May 26 to May 31, 2026. The report shows the company trimmed a tiny portion of its holdings while continuing to raise fresh capital and confirm dividend payments.

The figures below are drawn from the company corporate update for that week. They paint a picture of a business that is actively managing its capital structure while keeping the vast majority of its bitcoin position intact.

Strategy Sold 32 Bitcoin

During the reporting week, Strategy sold 32 bitcoin for an aggregate sale price of about $2.5 million. That works out to an average sale price of roughly $77,135 per coin.

In the context of Strategy's overall position, 32 coins is a rounding error rather than a strategic exit. The sale represents a tiny fraction of a percent of total holdings, and it is far more consistent with routine treasury management than with any change in conviction.

Even so, any bitcoin sale by the company tends to draw attention because Strategy is widely watched as a proxy for corporate bitcoin adoption. Traders who follow how MSTR moves alongside bitcoin and related tokens can monitor those markets on platforms such as DEXTools.

Raising $128.3M Through the Stock Program

The bigger capital story for the week was on the equity side. Strategy raised about $128.3 million in net proceeds by issuing 801,994 shares of common stock through its at-the-market offering program.

The at-the-market structure lets the company sell shares gradually into the open market rather than through a single large raise. This approach has become a core part of how Strategy funds its operations, its dividend obligations, and its broader bitcoin strategy.

Selling a small amount of bitcoin while raising a much larger sum through shares underlines the point that equity issuance, not coin sales, remains the company's main funding engine.

A Bitcoin Treasury of 843,706 Coins

After the week's activity, Strategy holds 843,706 bitcoin. The position carries an aggregate purchase price of about $63.87 billion and an average purchase price of roughly $75,699 per coin.

That average cost basis is an important reference point. It tells you the level around which the company's enormous position moves between unrealized profit and unrealized loss, and it is one of the most watched numbers in the corporate bitcoin space.

With well over 800,000 coins on the balance sheet, Strategy remains in a league of its own among public companies that hold bitcoin as a treasury reserve asset.

Preferred Dividends and the 11.50% Rate

The update also confirmed that the board of directors declared dividend payments on the company's preferred stock. These dividends are payable on June 30, 2026, with a record date of June 15, 2026.

• 10.00% Series A Perpetual Strife Preferred Stock (STRF): $2.50 per share.
• Variable Rate Series A Perpetual Stretch Preferred Stock (STRC): about $0.958333333 per share.
• Other preferred stock series: varying amounts.

Strategy also said it is maintaining an 11.50% annual dividend rate on the Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for monthly periods beginning June 1, 2026. Confirming these payments matters because the preferred stock layer is part of how the company finances its position, and investors watch closely to see that those obligations are being met.

A $900M Reserve and $26.1B of Capacity

On the balance sheet, Strategy reported a USD reserve of about $900 million as of May 31, 2026. The company said this reserve is designated to support dividend payments and debt interest, which speaks directly to its ability to service its preferred stock and debt commitments.

The update also pointed to significant remaining room to raise more capital. Strategy reported about $26.1 billion of capacity remaining under its common stock offering program. That total combines roughly $5.1 billion of existing offering capacity with a $21.0 billion increase that was announced in March 2026.

Taken together, the reserve and the offering capacity suggest the company is positioned to keep funding dividends, debt interest, and future growth without being forced to liquidate its core bitcoin holdings.

How the Numbers Fit Together

The most useful way to read this update is as a snapshot of Strategy's funding machine in action. On one side sits a treasury of 843,706 bitcoin acquired at an average of about $75,699 per coin. On the other side sits a stack of financing tools, including common stock issuance and several series of preferred shares that carry dividend obligations.

The 32 coin sale and the $128.3 million equity raise show how the company prefers to generate cash. Rather than leaning on its bitcoin position, it taps the equity markets, then uses reserves like the reported $900 million to meet dividend and interest commitments. The $26.1 billion of remaining offering capacity gives it a long runway to keep repeating that pattern.

This is also why the preferred dividend confirmations carry weight. The 10.00% STRF payment, the variable STRC payment, and the maintained 11.50% annual rate are recurring promises, and meeting them on the stated June dates is a signal of financial discipline that the market tends to reward or punish quickly.

Bottom Line

The May 26 to May 31 update tells a consistent story. Strategy sold a token amount of bitcoin, raised a far larger sum through equity, kept its 843,706 coin treasury essentially intact, and confirmed that its preferred dividends are being paid on schedule.

For market watchers, the key takeaways are the maintained 11.50% rate on the STRC preferred shares, the $900 million reserve set aside for dividends and interest, and the $26.1 billion of remaining offering capacity. None of this is investment advice, but it does show a company leaning on equity issuance and a deep capital base to keep its bitcoin strategy running.