Bitcoin-related stocks experienced a broad decline on Monday, with the cryptocurrency itself falling over 3% to $71,480.

Strategy (ASX: MSTR) saw its share price drop more than 5.8%.

The company recently disclosed in a regulatory filing that it sold 32 bitcoins between May 26th and May 31st, generating approximately $2.5 million at an average price of about $77,100 per bitcoin.

This sale marks the end of the company's 41-month streak of continuous bitcoin accumulation, which had been ongoing since December 2022, raising questions about a potential shift in its capital management strategy.

According to the announcement, the proceeds from the bitcoin sale will be used to pay an upcoming dividend distribution on its preferred stock.

This represents a rare recent instance of the company reducing its digital asset holdings to meet cash flow needs.

Concurrently, Strategy is actively bolstering its liquidity through capital markets.

During the same period, the company sold approximately 802,000 Class A common shares through an "at-the-market" offering program, securing about $128.3 million in net proceeds.

This indicates the company continues to strengthen its balance sheet and cash reserves.

Despite this minor reduction, Strategy remains the world's largest corporate holder of bitcoin.

As of May 31st, the company held 843,700 bitcoins, with a total acquisition cost of approximately $63.87 billion and an average cost basis of about $75,700 per bitcoin.