Strategy sells 3,588 Bitcoin worth $216 million to fund STRC dividends as BTC holdings hit 843,775 and MSTR stock slips in premarket trading.
Strategy Sells Bitcoin for Cash
Michael Saylor’s Strategy has completed its second Bitcoin sale of 2026, disposing of 3,588 BTC worth approximately $216 million to support dividend payments tied to its STRC preferred securities. The move marks the company’s largest Bitcoin sale to date and highlights a strategic shift as it balances shareholder obligations with its long-term digital asset strategy.
According to a recent SEC filing, the transactions occurred over two phases between June 29 and July 5. During the first phase, Strategy sold 1,363 BTC for $80.8 million. It followed with another sale of 2,225 BTC, generating $135.2 million. Combined, the sales raised $216 million in fresh capital dedicated to funding dividend payments for the company’s digital credit securities.
Despite the sale, Strategy remains the world’s largest corporate Bitcoin holder, maintaining ownership of 843,775 BTC alongside approximately $2.55 billion in U.S. dollar reserves. The latest transaction follows earlier reports suggesting the company could liquidate as much as $1.25 billion worth of Bitcoin under its broader digital financing strategy.
STRC and MSTR Face Pressure
The Bitcoin liquidation comes as Strategy’s STRC preferred stock continues trading below its $100 par value, reflecting softer investor demand. Although the preferred shares remain under pressure, they posted a modest gain after Binance introduced 24/7 trading for the security, helping improve market accessibility.
Meanwhile, the company’s common shares experienced renewed selling pressure during premarket trading. Investors appeared cautious despite the company confirming it neither issued new shares through its at-the-market program nor repurchased stock during the reporting period.
Key highlights include:
- 3,588 BTC sold for $216 million
- 843,775 BTC still held by Strategy
- $2.55 billion in cash reserves
- No common stock issued or repurchased
- MSTR declined nearly 2% in premarket trading
- STRC traded around $88, remaining below par value
The decision underscores Strategy’s willingness to monetize a small portion of its Bitcoin holdings when necessary without significantly altering its long-term accumulation strategy.
$8.32B Bitcoin Loss Revealed
Alongside the Bitcoin sale, Strategy disclosed a substantial accounting loss tied to its cryptocurrency portfolio. For the quarter ending June 30, the company reported a total Bitcoin-related loss of $8.32 billion, consisting of an $8.31 billion unrealized loss and roughly $900 million in realized losses.
At quarter-end, Strategy’s Bitcoin holdings carried a book value of approximately $49.67 billion. However, the acquisition cost of those holdings exceeded their fair market value, requiring the company to recognize a valuation allowance against deferred tax assets associated with the unrealized losses.
The disclosure added further pressure to cryptocurrency markets, with Bitcoin falling more than 2%, trading near $61,700 following the announcement. Investors continue monitoring whether additional Bitcoin sales could be required if dividend obligations increase or market conditions remain volatile.
Although the recent sale represents only a small fraction of Strategy’s total Bitcoin reserves, it illustrates how even the largest corporate Bitcoin holder may periodically convert digital assets into cash to meet financial commitments. Going forward, market participants will closely watch the company’s capital allocation strategy, dividend funding plans, and future Bitcoin accumulation as both institutional investors and cryptocurrency markets respond to evolving conditions.
