Michael Saylor's Strategy dramatically ups pace of bitcoin sales, raising $216 million

Markets Michael Saylor's Strategy dramatically ups pace of bitcoin sales, raising $216 million The company sold 3,588 bitcoin last week to replenish its dollar reserves for dividends on its preferred stock. By James Van Straten | Edited by Stephen Alpher Jul 6, 2026, 12:16 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show Strategy sold 3,588 bitcoin for approximately $216 million, reducing its holdings to 843,775 BTC. The proceeds were used to replenish the company's U.S. dollar reserve, which stood at $2.55 billion as of July 5. MSTR shares are down 2% in pre-market trading. Strategy (MSTR) sold 3,588 bitcoin for approximately $216 million last week, reducing its total holdings to 843,775 BTC, according to a Monday SEC filing . The company said proceeds from the bitcoin sales will be used to fund distributions on its preferred stock and replenish the portion of its U.S. dollar reserve used for those payments. As of July 5, the USD reserve totaled $2.55 billion. The latest sales were executed at an average price of roughly $60,000 per bitcoin and are dramatically higher than the 32 bitcoin sold by the company about one month ago, which sent crypto prices plunging. Strategy currently holds 843,775 BTC acquired for approximately $63.69 billion, or an average purchase price of $75,476 per bitcoin. Strategy also said it did not sell any shares under its at-the-market equity program during the week ended July, and did not repurchase any shares under its buyback programs. The company added that the full $1.25 billion capacity under its recently announced BTC Monetization Program remains available. Strategy shares are down 2% in pre-market trading and bitcoin has given up much of its weekend gain, trading down to $61,900 from $62,900 prior to the announcement. Bitcoin News Latest Crypto News 1 Russia's largest bank plans crypto wallet launch as Moscow clears market path 41 minutes ago 2 SpaceX's Nasdaq 100 inclusion comes with a historical warning 1 hour ago 3 U.S. inflation outlook underpins bitcoin bulls after best week since March 1 hour ago 4 Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness 1 hour ago 5 Bitcoin's Sharpe Ratio slides to lowest since 2022. Here's what it means. 1 hour ago 6 Ripple's preliminary crypto asset provider license in Luxembourg upgraded to fully compliant 2 hours ago 7 Coinbase AI draws backlash after erroneously publishing World Cup result before kickoff 2 hours ago 8 FOMC minutes, SpaceX joins Nasdaq 100: Crypto Week Ahead 3 hours ago 9 Vitalik Buterin says Ethereum is preparing its 'biggest rebuild' since the Merge 4 hours ago 10 Live markets: Bitcoin slips after Strategy sells 3,588 BTC for $216 million 4 hours ago Latest Research Building the Zcash Machine: Tachyon and Quantum Readiness Building the Zcash Machine: Tachyon and Quantum Readiness Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. By CoinDesk Research Jun 30, 2026 Commissioned by GenZcash Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Why it matters : Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. View Full Report More From Markets SpaceX's Nasdaq 100 inclusion comes with a historical warning Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness Bitcoin's Sharpe Ratio slides to lowest since 2022. Here's what it means.