MicroStrategy has disclosed a modest disposal of Bitcoin from its treasury, selling 32 BTC for about $2.5 million as the company earmarks cash for distributions on its preferred stock. The sale, executed at an average price of $77,135 per BTC, reduced MicroStrategy’s holdings to 843,706 BTC from 843,738 BTC, according to an 8-K filing with the U.S. Securities and Exchange Commission. In the wake of the disclosure, MicroStrategy’s Nasdaq-listed shares slipped more than 6% in Monday trading, trading around $148.70 at the open. The company said the proceeds from the Bitcoin sale would be used to fund distributions on its preferred stock, with no new preferred raises announced for the week. The move stands in contrast to the firm’s long-running strategy of accumulating BTC, and comes as investors scrutinize how MicroStrategy plans to finance its preferred-equity program while continuing to hold a large Bitcoin treasury. The sale marks MicroStrategy’s first Bitcoin disposal since a 2022 tax...
30 May 2026 - Spot Bitcoin exchange-traded funds (ETFs) have logged ten consecutive days of net outflows, with total redemptions surpassing $2.97 billion since May 15, according to data tracked by SoSoValue. Daily withdrawals ranged from roughly $70 million to $733.43 million, with the steepest single-day exit recorded midweek. Over the two-week span, assets held across spot Bitcoin ETFs have declined from about $104.29 billion on May 15 to $94.17 billion by Friday, a drop of roughly $10 billion. The streak extends a record for ETF outflows, surpassing an eight-session decline seen earlier last year that culminated in about $3.2 billion in withdrawals. By framing the current run as the longest on record, investors and analysts are watching for signals that the mood around institutional demand toward Bitcoin may be shifting—and whether the downward pressure in flows could precede a stabilization or rebound in prices. Key takeaways BTC spot ETFs have experienced 10 straight days of ne...