MicroStrategy, the largest corporate holder of Bitcoin, has sold 32 Bitcoins.
The company sold the coins at an average price of $77,135 each, totaling approximately $2.5 million.
The transaction took place between May 26 and 31. It was reported to the U.S. Securities and Exchange Commission.
MicroStrategy funds its Bitcoin purchases through securities offerings. Founder Michael Saylor had long vowed never to sell Bitcoin.
He once said, "I'd rather sell my kidney than sell my Bitcoin." But mounting debt obligations forced the company to liquidate some holdings.
As of June 1, MicroStrategy still holds 843,706 Bitcoins. Since 2020, it has spent $63.87 billion on Bitcoin at an average price of $75,700.
