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

June 1, 2026
4:54 pm

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

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MicroStrategy (MSTR) sold 32 Bitcoin (BTC) for approximately $2.5 million, marking the company’s first BTC sale since December 2022, and the shares fell 6% to around $150.
Coinbase (COIN) stock declined 5% to $179.50 as the company’s revenue depends on crypto trading volumes.
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Shares of Strategy (NASDAQ:MSTR) are down 6% in early Monday trading, while Coinbase (NASDAQ:COIN) shares are off 5%. The selloff follows a weekend SEC filing showing Strategy executed its first Bitcoin sale since December 2022.

MSTR stock is trading near $150 after closing Friday at…

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