Strategy Sells $2.5 Million of Bitcoin, Breaking Playbook (1)

Weeks after Michael Saylor opened the door to selling Bitcoin, Strategy Inc. disposed of about $2.5 million of the cryptocurrency, a symbolic break from the maximalist playbook that helped make the company one of the market’s largest buyers and the token’s biggest corporate holder.

The sale was the first since late 2022, when the the enterprise software maker turned Bitcoin accumulator sold around $11.8 million to generate a tax benefit. Saylor signaled the possibility of token sales during the company’s quarterly earnings call last month, a notable shift after years of assuring shareholders that the firm would not sell its ...