Strategy, a company led by Michael Saylor, sold 32 Bitcoins worth about $2.5 million, marking its first Bitcoin sale since 2022. According to the report, the transaction was undertaken to fulfill dividend-related obligations related to the company’s preferred stock.
Bitcoin’s largest corporate holder remains firmly committed to its long-term financial strategy despite the sell-off, with holdings still standing at over 843,000 BTC.
Corporate Bitcoin Purchase Plans Increase
While Strategy has made headlines for shedding some of its reserves, another Bitcoin company is preparing for a much larger expansion.
Strive Asset Management proposed increasing its capital raising program by $4.2 billion, according to the report. The company plans to expand its two individual marketplace products by $2.1 billion each, creating additional capacity to fund future cryptocurrency purchases.
Strive expects to increase the size of its $ASST and $SATA ATM programs by $2.1 billion each, reflecting continued growth in liquidity and demand for both securities.
We will provide a balance sheet update before launch tomorrow.
— Matt Cole (@ColeMacro) June 1, 2026
This move will significantly improve Strive’s ability to acquire more Bitcoin if investors participate in the offering. According to the report, the offering is designed to provide companies with greater flexibility as they pursue BTC-centric financial strategies.
Strive, the 7th largest Bitcoin treasury company, proposes increasing ATM capacity by $4.2 billion for additional BTC purchases.
Strive CEO Matt Cole said the company plans to expand the capacity of its ASST and SATA at-the-market (ATM) programs by $2.1 billion each. pic.twitter.com/Wwz1Lf4Wsf
— Wu Blockchain (@WuBlockchain) June 1, 2026
Strive has quickly emerged as one of the largest corporate Bitcoin holders, ranking among the highest publicly known corporate owners. The company has positioned itself among a growing group of businesses that have adopted cryptocurrencies as a treasury reserve asset.
Work to expand our fundraising capacity to $4.2 billion to buy more #BITCOIN for the Treasury 🤯
Public enterprises do not slow down 🚀 pic.twitter.com/EPILLxdvPR
— The Bitcoin Conference (@TheBitcoinConf) June 1, 2026
Different movements, same focus
The timing of both developments attracted attention across the cryptocurrency sector. Strategy’s sale involved only a small portion of its total BTC holdings.
The data shows the company still manages tens of billions of dollars worth of reserves and its broad accumulation strategy remains largely unchanged.
According to the report, the sale was related to financial management needs rather than a change in the company’s view on Bitcoin. The company has spent years building one of the largest corporate cryptocurrency positions on the market.
BTCUSD trading at $69,404 on the 24-hour chart: TradingView
At the same time, Strive’s proposal does not represent the $4.2 billion already raised or deployed. The expanded program will allow the company to seek that amount from investors over time, with the proceeds potentially being used to acquire additional cryptocurrencies.
The development highlights how businesses are using a variety of approaches to fund their Bitcoin purchases while maintaining exposure to the asset.
Featured image from Unsplash, chart from TradingView
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