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Strategy sold 3,588 BTC for approximately $216 million, reducing its Bitcoin holdings. The proceeds were used to fund preferred stock dividends and replenish the company's U.S. dollar reserve.
According to a filing with the U.S. Securities and Exchange Commission (SEC), Strategy sold 1,363 BTC between June 29 and June 30 for approximately $80.8 million at an average price of $59,256 per Bitcoin. Between July 1 and July 5, the company sold another 2,225 BTC for $135.2 million, at an average price of $60,773 per coin.
Following the transactions, Strategy holds 843,775 BTC with a total carrying value of about $52.3 billion. The company's cumulative acquisition cost, including fees, stands at approximately $63.7 billion, with an average purchase price of $74,476 per Bitcoin.
The company said proceeds from the Bitcoin sales were used to pay dividends on its preferred stock. The transactions also restored its U.S. dollar reserve to $2.55 billion.
Following the filing, Bitcoin fell about 2%, while Strategy shares declined roughly 1.9% in premarket trading.
Under the policy, the company approved a $1 billion repurchase program for its digital credit securities. It also authorized the sale of part of its Bitcoin holdings to fund preferred stock dividends, meet financial obligations, and replenish its dollar reserve.
JPMorgan analysts said the framework positions Strategy not only as the largest corporate buyer of Bitcoin but also as a potential seller, increasing the company's influence on the market. Bernstein, however, said Strategy's financial position makes forced Bitcoin sales unlikely.
Earlier, South Korean company K Wave Media, widely viewed as one of Strategy's followers, abandoned its Bitcoin treasury strategy. The company liquidated all of its Bitcoin holdings in the spring of 2026 before announcing a pivot toward AI infrastructure.