Strategy disclosed on June 1 that it sold 32 BTC for $2.5 million to help fund preferred stock distributions. A Cryptoquant analysis dated June 1 said on-chain flows remain subdued, with a Fund Flow Ratio near 0.01 and NUPL still positive at 0.27, even as both profitability indicators trend lower. The report warned that if BTC breaks the $70,000-$72,000 support zone, weakening profit metrics could amplify selling pressure despite the sale not being a standalone bearish trigger.

On June 1, Bitcoin fell below $71,000 for the first time since April 13, briefly touching $70,574 before rebounding above $71,000. The move coincided with $627 million in crypto liquidations and pushed total crypto market capitalization down to $2.52 trillion. Reports that Michael Saylor's Strategy sold 32 BTC in May added to market anxiety despite the sale representing a small share of its holdings.

Bitcoin is testing several major technical levels, with $78,080 highlighted as a key threshold that bulls must reclaim to reduce downside risk. Analysts also point to $72,500 as an important monthly pivot, while $82,885 is framed as the main resistance that could reopen higher targets.

Strategy (NASDAQ: MSTR) disclosed that it sold 32 BTC for $2.5 million between May 26 and May 31, at an average price of $77,135 per coin after fees and expenses. Over the same period, the company sold 801,994 common shares to raise $128.3 million, and said the Bitcoin sale proceeds are expected to support preferred stock distributions.

On June 1, Strategy (Nasdaq: MSTR) disclosed it sold 32 BTC for $2.5 million, saying the proceeds are expected to fund preferred stock distributions. Michael Saylor did not comment directly on the sale and instead promoted STRC, while investors weighed whether dividend obligations could lead to more bitcoin sales.

In May 2026, 165 long-inactive Bitcoin wallets moved a combined 5,073.71 BTC, spanning addresses created from 2011 to 2017. One notable transfer occurred on May 31, 2026 at 05:14 UTC, when a wallet untouched since Aug. 20, 2010 moved 20 BTC at block 951828. Activity continued into June 1 as a Jan. 4, 2014 wallet transferred 109.86264546 BTC at block 951983.

ProCap Financial said it sold about 52 Bitcoin to finance the repurchase of two million shares, with the stock trading at roughly a 50% discount to net asset value. The firm said buying back shares below the value of its underlying reserves increased Bitcoin exposure for remaining shareholders.

Strategy (NASDAQ: MSTR) reported selling 32 Bitcoin between May 26 and May 31 for about $2.5 million, its first BTC sale since December 2022. The disclosure came as Bitcoin traded at $71,482 at press time, down nearly 3% over 24 hours and 8% on the week. Some commentators said the move may be routine treasury management to fund preferred stock dividends, while others questioned whether it could shape sentiment around future sales.