Asset manager Strive bought an additional 32 bitcoins this month, raising its total holdings to 19,032 BTC. It bought the coins from June 2 to 7 at an average price of $63,911 each, for about $2.1 million including fees and expenses. A filing also reported changes in cash and cash equivalents, the fair value of STRC preferred shares and the number of shares outstanding, alongside an expansion plan for market-sale programs.

Strategy’s sale of 32 bitcoin has shaken the market premise that corporate bitcoin treasury strategies mean never selling. Cointelegraph said it was the company’s first disclosed cash-out aside from a 2022 tax-related transaction. While the amount was small relative to its holdings, investors revisited assumptions and MSTR shares fell sharply. Separately, JPMorgan CEO Jamie Dimon opposed the latest Clarity Act revision, and France’s Capital B sought approval for large fundraising plans for future bitcoin purchases.