Strategy sells 3,588 Bitcoin for $216M to fund dividends

Between June 29 and July 5, Strategy sold 3,588 Bitcoin for roughly $216 million, according to a filing with the U.S. Securities and Exchange Commission. The proceeds were used to pay dividends on its preferred stock and to increase its cash reserves. The company's current holdings include 843,775 BTC and $2.55 billion in USD reserves as of July 5, 2026. This transaction reflects the company's ongoing management of its Bitcoin assets and liquidity strategy. Such large sales can influence Bitcoin's market price and signal the company's financial strategies to investors. The sale's impact on Bitcoin's price depends on broader market conditions and investor sentiment, but it highlights the ongoing relationship between corporate treasury management and cryptocurrency holdings.