TLDR
- Strategy sold 32 Bitcoin as BTC moved closer to the closely watched $72,000 support level.
- The company said proceeds are expected to support preferred stock distributions after the sale.
- Saylor’s latest chart post suggested another Bitcoin acquisition may be announced in coming days.
- Strategy still holds 843,706 Bitcoin, keeping its treasury closely tied to BTC price movements.
- Bitcoin volatility fell sharply as traders watched support, resistance, RSI, and MACD signals.
Strategy Inc. has reported its first Bitcoin sale since 2022 as BTC traded near $72,000. The company disclosed the transaction in an 8-K filing with the SEC dated June 1. Strategy sold 32 BTC between May 26 and May 31 for about $2.5 million in total. The average net sale price was reported at $77,135 per Bitcoin after fees and expenses.
Strategy Sells Bitcoin for Preferred Stock Payments
According to the 8-K filing with the US SEC on June 1, Michael Saylor’s strategy has sold Bitcoin for the first time since 2022. The company offloaded 32 BTC for $2.5 million at an average price of $77,135 per Bitcoin between May 26-31.
Proceeds from the Bitcoin sales are expected to be used to fund distributions on preferred stock. After the sale, the company now holds 843,706 BTC worth $63.87 billion. The filing footnote says the aggregate sale price and average sale price are net of fees and expenses.
According to a Sunday post from Strategy chairman Michael Saylor, the company appears set to announce a fresh Bitcoin acquisition in the coming days. Saylor shared a bubble chart tracking Strategy’s Bitcoin purchases since 2020 alongside the message “Working Better,” a pattern he has repeatedly followed before the company discloses new BTC buys.
Strategy also sold 801,994 MSTR shares to raise $128.3 million during the latest reported period. The company reported a USD reserve balance of $900 million after recent financing activity. Saylor previously said Strategy may sell some Bitcoin holdings to fund dividend payments.
Bitcoin Volatility Falls as Strategy Keeps Large BTC Position
Strategy remains the largest corporate Bitcoin holder, with more than 4% of fixed supply overall. Its Bitcoin balance keeps the company closely directly tied to price moves across market cycles. Lower Bitcoin prices reduce the reported value of its treasury and can pressure investor sentiment.
Bitcoin’s one-week realized volatility fell to about 17%, compared with 39% earlier this same quarter. The drop of about 56% also placed volatility below its long-run median near 34% level. Realized volatility measures past price movement rather than options-based expectations from derivatives market participants. During past stress events, the same measure has previously moved above 90% in Bitcoin markets.
The current reading points to calmer trading conditions while price remains under nearby technical pressure. Low volatility often comes before a larger price move, although direction remains dependent on price.
A move above the 200-day average could support risk-on trading across Bitcoin markets again broadly. A volatility spike below that average could suggest fresh selling pressure among short-term traders instead.
Bitcoin Price Analysis Shows $72K Support Test
Bitcoin traded near $72,105, down about 1.99% on the day during the latest reported session. BTC failed near the $82,000 resistance area before losing $79,000 and $78,000 support zones recently. The move created lower highs and lower lows, showing sellers still controlled short-term market direction.
The daily candle stayed near session lows, reflecting weak buyer demand during recent trading conditions. The first support area remains near $72,000, where price is currently testing market demand again.
A daily close below that level could open movement toward the next $70,000 zone area. If selling continues, the next support areas sit near $68,000 and $66,000 to $65,000 levels.
Resistance stands near $73,500 to $74,000, while a move above $76,000 could ease pressure temporarily. A daily close above $79,000 would give buyers a stronger technical signal during coming sessions.
The Relative Strength Index near 32.31 showed weak momentum, although the reading was close to oversold territory. The Moving Average Convergence Divergence remained bearish, with a negative histogram and no clear upward cross visible yet
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