MicroStrategy (Strategy Inc.) sold 3,588 bitcoins between 29 June and 5 July 2026, raising approximately $216 million to fund perpetual preferred stock dividend payments, according to Marketwatch TOP and Finnhub. The sale contradicted prior statements by Executive Chair Michael Saylor, who had indicated such liquidations would not be necessary. The transaction reduced the company's total bitcoin holdings to 843,775 BTC while the company reported $2.55 billion in cash on hand.
Bitcoin fell up to 4% following disclosure of the sale, with market observers noting the move triggered concern about the possibility of recurring liquidations tied to the company's preferred stock obligations.
MicroStrategy's common stock (MSTR) is directly connected to this event as the company's equity is closely tied to its bitcoin treasury strategy, and this sale marks a documented departure from its stated no-sell policy. Bitcoin (BTC) declined up to 4% in the period following the announcement.
Marketwatch TOP and Finnhub both reported the sale as a shift in the company's bitcoin treasury strategy. No official regulatory statement or government response has been reported in connection with this transaction. Finnhub noted that market observers drew comparisons to conditions present during Summer 2022.
Sources: Marketwatch TOP, investinglive.com, CoinTelegraph