Bitcoin Magazine13h ago

Strategy (MSTR) sells 3,588 bitcoin for $216 million to fund preferred dividends

Strategy said it sold 3,588 bitcoin for $216 million, its largest single BTC reduction on record, and used the proceeds to pay cash dividends on five classes of preferred securities—STRF, STRE, STRK, STRD and STRC—according to a July 6, 2026 disclosure. As of July 5, the company held 843,800 bitcoin and $2.55 billion in cash. The sale marks a shift from its prior “never sell” stance, repositioning bitcoin as a liquidity tool to support its higher-cost preferred stock structure. Strategy shares fell 2% in premarket trading, while bitcoin slipped below $62,000.

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