Strategy sells 32 BTC to fund preferred dividends; CME rolls out 24/7 crypto derivatives

Strategy (NASDAQ: MSTR) disclosed in an 8-K filed June 1 that it sold 32 BTC between May 26 and May 31 to cover preferred stock dividend payments. The company recorded net proceeds of about $2.5 million at a net average sale price of $77,135 per bitcoin. Following the transaction, Strategy's bitcoin holdings stand at 843,706 BTC. The company reported a total cost basis of $6.387 billion and an average purchase price of $75,699. The sale marks its first BTC disposition since August 2020. CME Group (NASDAQ: CME) said its crypto futures and options have been available for trading around the clock since May 29, with the exchange formally announcing the move on June 1. CME reported that the first weekend of 24/7 access generated more than 7,200 contracts in trading volume, representing about $500 million in notional value. The exchange also launched Bitcoin Volatility Futures (BVI) alongside the expanded hours. CME expects annual notional volume in crypto derivatives to reach $3 trillion by 2025, and cited average daily volume growth of 46% from 2026 to today. Separately, Nasdaq CME Crypto Index Futures are awaiting regulatory approval ahead of a planned June 8 launch. Source: bbx.com