NASHVILLE, Tenn. (WSMV) – The Davidson County Sheriff’s Office (DCSO) is warning the public of phone scammers claiming to be deputies to get residents’ money.

DCSO reports that the callers are posing as sheriff’s office employees requesting payments via cryptocurrency, gift cards or mobile apps.

The sheriff’s office warns that deputies will not ask for payments over the phone.

“Verify calls with DCSO or contact the Metro Nashville Police Department at 615-862-8600,” DCSO said.

Why the Sale Matters

The amount is small. Thirty-two coins against a stack of 843,706 BTC represents a fraction of a fraction of the company’s holdings. But the reason for the sale draws attention: proceeds are expected to fund distributions on preferred stock, according to the June 1 Form 8-K filed with the SEC.

Strategy has built its entire identity around accumulation. The company has made more than 110 reported purchases over six years, funded through convertible debt, equity offerings, preferred shares, and operating cash. Selling bitcoin, even 32 coins, runs counter to that positioning.

The Preferred Stock Dividend Picture

Strategy currently carries five series of preferred stock with active dividend obligations. The board declared the following cash dividends on May 30, 2026, all payable June 30:

• STRF (10.00% Strife): $2.50 per share, quarter ending June 30
• STRC (Variable Rate Stretch, 11.50%): $0.9583 per share, month ending June 30
• STRK (8.00% Strike): $2.00 per share, quarter ending June 30
• STRD (10.00% Stride): $2.50 per share, quarter ending June 30
• STRE (10.00% Stream): €2.50 per share, quarter ending June 30

The variable rate on STRC was held at 11.50% effective June 1, 2026.

The USD Reserve

Strategy established a U.S. dollar reserve in December 2025, a management-designated liquidity pool intended to cover preferred stock dividends and debt interest. As of May 31, 2026, that reserve holds $900 million.

The existence of a $900 million cash reserve makes the decision to sell 32 BTC more notable. The company chose to liquidate a small amount of bitcoin rather than draw down its dollar reserve to cover distributions. Following the file going public, BTC’s price shuddered below $72,000 to an intraday low of $71,866.

What the Stack Looks Like Now

As of May 31, Strategy holds 843,706 BTC acquired for approximately $63.87 billion at an average purchase price of $75,699 per coin. The firm also sold 801,994 shares of MSTR common stock between May 26 and May 31, generating $128.3 million in net proceeds under its at-the-market offering program. Combined ATM capacity across MSTR and preferred stock programs totals more than $51 billion remaining.

The Accumulation Record

Strategy made its first bitcoin purchase in August 2020 at roughly $11,652 per coin. Outside a minor 704-coin sale in December 2022 for tax purposes, the company has not publicly reported selling bitcoin. The May 26 to May 31 sale brings the total disclosed liquidations to a still-negligible level relative to holdings, but it confirms that preferred stock obligations now represent a real and recurring cost the firm is willing to cover with BTC when needed.

During a speech Sunday (May 31) in Croatia, Waller said the global spread of stablecoins could increase the influence of U.S. central bank policy.

“Countries that adopt it, it’s like a fixed exchange rate system,” said Waller, whose comments were reported by Bloomberg News. “You are going to import U.S. monetary costs, so it’s broadening the reach of U.S. monetary policy in countries that use more stablecoins.”

Waller made similar remarks last year, the report added, when he argued that he supports stablecoins as they are likely to help the U.S. dollar’s role as a reserve currency, while also calling for clear guidelines around the tokens.

The report added that Waller also criticized central bank digital currencies (CBDCs), arguing there’s nothing that “requires a CBDC and only a CBDC to fix” while also calling them a “solution in search of a problem.”

That’s why “almost every major central bank in the world has just stopped” pushing for CBDCs, Waller said. “They just can’t find a reason for this.”

Waller added that “only the ECB and the Chinese” are pursuing CBDCs, speaking during a panel led by incoming European Central Bank (ECB) Vice President Boris Vujcic.

“Two banks, and nobody in China uses the thing anyway — they like WhatsApp and Alipay, they don’t even use the stupid thing,” he said.

Vujcic pushed back against one of Waller’s claims, the report added, pointing out that there were “21 western central banks” in the euro area that “have decided to go with the CBDC.”

As Bloomberg noted, officials in Europe including ECB President Christine Lagarde have been critical of stablecoins. In a speech earlier this month, Lagarde said that even a euro-denominated version of the stablecoin would place financial stability and monetary-policy transmission at risk.

In other stablecoin news, PYMNTS wrote last week about recent developments showing that the technology around these coins is working as planned. Now, that report argued, the digital dollar space is heading to a more difficult phase, one measured by whether businesses and consumers can use these assets without added friction, complexity or cost.

“The first challenge was proving that value can move on chain,” PYMNTS wrote. “The next challenge is figuring out how that value becomes economically useful once it moves off chain.”