Strategy Sells $216 Million in Bitcoin for Preferred Dividends
Strategy, a major corporate holder of Bitcoin, sold 3,588 BTC worth $216 million to fund preferred stock dividends, amid an $8.3 billion loss related to its digital assets, according to Decrypt. The company retains 843,775 BTC and has a cash reserve of $2.55 billion.
Between June 29 and July 5, 2026, Strategy, led by CEO Michael Saylor, sold 3,588 Bitcoin (BTC) for approximately $216 million. This sale aims to cover dividends for its preferred stock and to replenish its cash reserves, which total $2.55 billion as of July 5.
Despite being known for its Bitcoin accumulation, this liquidation reduced its holdings to 843,775 BTC. The firm reported an unrealized loss of $8.32 billion on its digital assets in the second quarter, primarily due to the decline in Bitcoin's market price, which was around $60,000 at the time of the sale. The BTC was sold as part of a larger "BTC Monetization Program" introduced just days before, which allows the company to raise up to $1.25 billion by liquidating portions of its Bitcoin reserve.
In a tweet, the company stated, "We have sold 3,588 BTC for $216 million to fund dividends on our Digital Credit securities. As of July 5, 2026, we hold 843,775 BTC in our BTC reserves and $2.55 billion in USD reserves."
This latest sale, while a small fraction of its total holdings (0.42%), garnered significantly more in proceeds compared to a previous sale of only 32 BTC for $2.5 million, which had negatively impacted the firm's stock price, prompting speculation about its influence on the Bitcoin market. Following the news of the sale, shares of Strategy fell 2% in pre-market trading, reflecting a broader trend of declining stock prices amidst a recent 26% drop over the past month, despite Bitcoin's 3.7% increase in value during the same period.
Moving forward, investors and market observers will be watching how this monetization strategy unfolds and whether it will alleviate pressures on Strategy's stock performance, as well as its implications for Bitcoin's market stability.
Summary based on original reporting by André Beganski at Decrypt, originally published Jul 6, 2026. SolanaWire does not republish source content.
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