Strategy, the company led by Michael Saylor, has sold 3,588 Bitcoin for $216 million in order to enhance its cash reserves and facilitate preferred stock dividends. This strategic move took place between June 29 and July 5, 2026.
Recent Financial Performance
Following this sale, Strategy held a significant Bitcoin reserve of 843,775 coins and maintained $2.55 billion in U.S. dollar reserves as of July 5. The company reported a substantial digital asset loss of $8.32 billion for the second quarter of 2026. The sales were part of a plan to strengthen financial positions while continuing to hold a strong Bitcoin portfolio.
Details of the Bitcoin Sale
The Bitcoin was sold in two separate batches. In the first batch from June 29 to June 30, 1,363 BTC were sold for $80.8 million, with an average sale price of $59,256 per Bitcoin. After this sale, the company had a reserve of approximately 846,000 BTC.
The second batch, occurring from July 1 to July 5, involved the sale of 2,225 BTC for $135.2 million, with an average sale price of $60,773 per Bitcoin. By the end of the sales, Strategy’s total purchase cost for Bitcoin stood at $63.69 billion, reflecting an average purchase price of $75,476 per Bitcoin.
Use of Proceeds
The cash generated from these sales was earmarked for several purposes. Part of the proceeds covered dividend payments on preferred stock securities, while the remainder replenished the USD Reserve that had previously been utilized for these distributions. The firm has established this reserve specifically to meet dividend obligations and interest payments on loans.
Additionally, on June 29, Strategy announced a BTC Monetization Program, which is aimed at enhancing liquidity and managing assets more efficiently.
