Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has made headlines by selling 32 Bitcoin for $2.5 million, a notable departure from his previous position of never selling Bitcoin. This sale occurred between May 26 and May 31, with an average price of $77,135 per coin. Additionally, Strategy sold 801,994 shares of common stock, raising $128.3 million, which led to a 7.97% drop in the company's stock price to $146.40. This is not the first instance of Bitcoin sales by Strategy; previously, the company sold 704 BTC for approximately $11.8 million. Amidst significant financial losses, including $12.54 billion in the first quarter of 2026, Saylor and Strategy CEO Phong Le indicated plans to sell Bitcoin to fund dividends and buy back convertible debt. Market commentator Jim Cramer reacted to the news by suggesting he might need to reassess his pro-Bitcoin stance, highlighting the impact of Strategy on Bitcoin's valuation. At the time of reporting, Bitcoin was trading at $71,528, down 2.8%.