Strategy, led by Michael Saylor, sold 3,588 Bitcoin for approximately $216 million [1, 2] to fund preferred stock dividends [1, 3].
This move signals a departure from the company's long-standing "never sell" approach to digital assets. The scale of the liquidation is significant, as the sale was 112 times larger than a market-disrupting sale that occurred one month prior [1].
According to a Form 8-K filing disclosed on July 6, 2026 [2], the transactions took place between June 29 and July 5, 2024 [2]. The company used the proceeds to cover investor dividends [3, 6].
Despite the liquidation, Strategy maintains a massive position in the cryptocurrency. The company reported remaining Bitcoin holdings of 843,775 BTC [6]. Additionally, the firm's cash reserves stood at $2.55 billion following the sale [6].
Market reaction to the news was immediate. Shares of Strategy (NASDAQ: MSTR) fell about five% in pre-market trading [1].
The company has previously positioned itself as a primary corporate holder of the asset. This recent sale represents the largest corporate crypto liquidation in the firm's history [1, 3].
“Strategy sold 3,588 Bitcoin for approximately $216 million to fund preferred stock dividends.”
The decision to liquidate a portion of its holdings to meet dividend obligations suggests a shift in how Strategy manages its balance sheet. While the company still holds a dominant amount of Bitcoin, the transition from a strict accumulation strategy to using the asset for operational liquidity may influence investor confidence in the firm's long-term holding philosophy.
