Strategy Sells 3,588 Bitcoin for $216 Million, Cutting Holdings to 843,775 BTC
Updated
Updated · CoinDesk · Jul 6
Strategy Sells 3,588 Bitcoin for $216 Million, Cutting Holdings to 843,775 BTC
3 articles · Updated · CoinDesk · Jul 6
Summary
$216 million of bitcoin was sold last week, leaving Strategy with 843,775 BTC, according to a Monday SEC filing.
The company said the proceeds will fund preferred stock distributions and rebuild the U.S. dollar reserve used for those payments, which stood at $2.55 billion on July 5.
The sale was executed at about $60,000 per bitcoin—far larger than the 32 BTC sold a month ago—and Strategy said it neither sold stock under its ATM program nor repurchased shares.
MSTR shares fell 2% in premarket trading, while bitcoin slipped to about $61,900 from $62,900 before the announcement, underscoring market sensitivity to Strategy's liquidation moves.