Overview
- The company sold 3,588 BTC between June 29 and July 5, 2026 for roughly $216 million, using proceeds to pay dividends on its perpetual preferred securities and to top up its U.S. dollar reserve.
- The disposals occurred in two tranches — 1,363 BTC at an average of $59,256 and 2,225 BTC at an average of $60,773 — as disclosed in the company’s SEC filings.
- After the sales Strategy holds 843,775 BTC and reported a U.S. dollar reserve near $2.55 billion while recording an $8.32 billion Q2 digital‑asset loss, mostly unrealized.
- The transactions were the first material executions of a late‑June board‑approved Bitcoin Monetization Program that authorizes up to $1.25 billion of targeted sales and remains largely unused.
- The move ends Strategy’s long public stance of never selling, highlights recurring cash strain from high‑yield preferred dividends, and raises reliance on capital markets because preferreds trading below par or further BTC weakness could force more monetization or dilution.