# Saylor Sells BTC as Bitmine Keeps Buying ETH

*Published: Jun 1, 2026*
*Source: https://www.bankless.com/fr/read/saylor-sells-btc-as-bitmine-keeps-buying-eth*

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Strategy disclosed it sold bitcoin for the first time last week to fund preferred stock dividends, while Bitmine kept accumulating ETH on its path to owning 5% of the total supply.

### What's the Scoop?
- **Strategy’s Selling:** [Strategy sold 32 BTC](https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt01aedf36c9f1b5b3/6a1cdb95487e7818fe49dd85/form-8-k_06-01-2026.pdf) between May 26 and May 31 at an average price of $77,135, raising just $2.5M to fund preferred dividends. The amount is small, but the precedent is not, marking the first time Strategy has sold bitcoin.
- **How it Reads:** The move confirms what Michael Saylor flagged on the company’s Q1 earnings call, where he said it was “not unlikely” Strategy would sell some BTC this year to service preferred dividends. But with $900M in reserves, selling BTC to raise $2.5M is hard to explain as a cash-need decision. It reads more like a test of how the market absorbs Strategy selling BTC at all.
- **Bitmine Buys:** On the other side of the fence, [Bitmine acquired another 26,497 ETH](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-42-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302786720.html) over the past week, bringing its total holdings to 5,416,901 ETH, worth roughly $10.8B at $2,003 per ETH. The company now owns 4.49% of ETH’s total supply, putting it 90% of the way to Chairman Tom Lee’s stated goal of accumulating 5% of all ETH. Bitmine also has 4.72M ETH staked, representing $9.5B in productive assets, with projected annualized staking revenue scaling to $296M at full deployment.