Strategy Slides 6%, Coinbase Drops 5% as Saylor’s First Bitcoin Sale in Nearly 4 Years Triggers Crypto Selloff

David Moadel

Mon, June 1, 2026 astatine 9:12 AM CDT 4 min read

Quick Read

• MicroStrategy (MSTR) sold 32 Bitcoin (BTC) for astir $2.5 million, marking the company’s archetypal BTC merchantability since December 2022, and the shares fell 6% to astir $150.

• Coinbase (COIN) banal declined 5% to $179.50 arsenic the company’s gross depends connected crypto trading volumes.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Coinbase didn't marque the cut. Grab the names FREE today.

Shares of Strategy (NASDAQ:MSTR) are down 6% successful aboriginal Monday trading, portion Coinbase (NASDAQ:COIN) shares are disconnected 5%. The selloff follows a play SEC filing showing Strategy executed its archetypal Bitcoin merchantability since December 2022.

MSTR banal is trading adjacent $150 aft closing Friday astatine $159.09, portion COIN banal is hovering astir $179.50 from a Friday adjacent of $189.03. The moves headdress a brutal agelong for some names, with MSTR banal down 60% implicit the past twelvemonth and COIN banal down 28%.

Bitcoin is the centerpiece of today's story. Bitcoin (CRYPTO:BTC) is trading beneath $72,000, down 3% implicit the past 24 hours and 32% implicit the past year.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Coinbase didn't marque the cut. Grab the names FREE today.

Saylor's Symbolic Sale Sparks Selloff

Per Strategy's SEC filing reported arsenic by Stocktwits and CryptoProwl, the institution sold 32 Bitcoin betwixt May 26 and May 31 for astir $2.5 million. That marks the archetypal Strategy Bitcoin merchantability since December 2022, erstwhile Strategy/MicroStrategy unloaded 704 BTC for astir $11.8 million.

The nuance matters. The 32 BTC sold represents a tiny fraction of Strategy's 843,706 BTC stack, and Strategy Executive Chairman Michael Saylor stated that the extremity is to "maximize Bitcoin-per-share." Strategy CEO Phong Le indicated that the income volition beryllium executed astatine outgo ground to interruption adjacent and debar taxation implications, with the proceeds backing preferred dividends including the STRC 12% yield.

Strategy besides sold 801,994 MSTR communal shares for astir $128.3 cardinal during the aforesaid period. Yet, the optics of immoderate Bitcoin merchantability from Saylor, who spent years insisting helium would ne'er sell, are intelligibly weighing connected sentiment crossed crypto-linked equities.

Cuban Exits, Tom Lee Calls It Rage Quitting

Adding to the narrative, Mark Cuban disclosed helium sold each his Bitcoin, arguing it failed arsenic an ostentation hedge and that golden proved the amended bet. That header collided with the Strategy filing to amplify the broader crypto rotation story.

On CNBC's SquawkBox, Fundstrat's Tom Lee pushed backmost connected the bearish read. Lee called the existent determination "rage quitting" and described it arsenic "a classical marketplace bottom" and "what ever happens astatine the extremity of crypto winter."