MSTR selling Bitcoin is likely to set off a chain reaction among other treasury-focused companies, leading them to sell off before the strategy fully unfolds. The 32 Bitcoins sold were mainly used to pay dividends on strategy preferred shares, which is reasonable, but: Over the past two years, many companies issued bonds or additional shares to buy Bitcoin, betting that the market would assign a high valuation premium to Bitcoin-related stocks. However, as macro sentiment fades, that premium has turned into a deep discount, and the cost of maintaining this capital game has skyrocketed. Small and medium-sized companies can only sell spot BTC to prop up the market. If even MSTR is preparing to sell part of its BTC to ease the pressure, then many smaller companies will inevitably rush to sell first. This is how a stampede sell-off begins. In fact, some companies have already started following suit. At the same time as the MSTR sell-off news was brewing (Eastern Time, June 1, 2026), another publicly listed financial company, ProCap Financial, announced it had sold about 52 Bitcoins. Additionally, according to Monday's corporate disclosure summary, U.S. public companies collectively added only about 144 Bitcoins last week, compared to 603 Bitcoins the week before—a near cliff-like drop. This storm is bound to come. #Bitcoin #Crypto #MSTR #BTC #MarketTrends