CoinEx News: MSTR fell sharply after Strategy disclosed its first BTC sale since 2022, selling 32 BTC for about $2.5 million between May 26 and May 31, 2026, to fund preferred-stock distributions. The sale represented only about 0.0038% of its 843,706 BTC holdings, but MSTR has dropped to around $126, down roughly 21% from its May 29 close of $159.09, as investors reassess the company’s Bitcoin treasury narrative.

The sale is economically tiny, but symbolically large. For BTC traders, the key signal is whether MSTR’s selloff remains a company-specific repricing, or becomes a broader warning for bitcoin treasury stocks that depend on both crypto liquidity and equity-market confidence.