Strategy sells 3,588 Bitcoin for $216 million in dividends

Strategy, the world's largest corporate holder of Bitcoin, sold 3,588 BTC for approximately $216 million between June 29 and July 5 to fund dividend payments on its preferred stock. The company disclosed the transaction in a regulatory filing on Monday, July 6, 2026, marking its largest-ever sale of the cryptocurrency and a significant shift in its treasury management policy.

Executive Chairman Michael Saylor confirmed the sale, stating the proceeds were used to fund distributions on the company's Digital Credit securities and to replenish its U.S. dollar cash reserve, which stood at $2.55 billion as of July 5. Following the transaction, Strategy's Bitcoin holdings were reduced to 843,775 BTC. The sales were executed in two tranches: 1,363 BTC sold between June 29 and June 30 at an average price of $59,256 per coin, and an additional 2,225 BTC sold between July 1 and July 5 at an average price of $60,773.

The sale represents the first execution under a new Digital Credit Capital Framework, which received board approval in late June. This framework formally authorizes the company to sell Bitcoin for specific corporate purposes, including funding dividends, building cash reserves,...