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First reported by en.bloomingbit.io
Strategy Sells Another 3,588 Bitcoin, Reducing Holdings to 843,775 BTC

Strategy Sells 3,588 Bitcoin for $216M to Fund Preferred-Stock Dividends, Retains 843,775 BTC

Strategy (formerly MicroStrategy) sold 3,588 BTC for approximately $216 million between June 29 and July 5 — its largest Bitcoin sale ever — to fund dividends on preferred stock tickers and replenish cash reserves. The sale represents just 0.42% of its holdings, leaving the company with 843,775 BTC and a cash reserve of about $2.55 billion. The move shifts investor focus toward treasury cash flows rather than being a bearish signal on Bitcoin itself.

4h ago1 min readenNews
financebusinessbitcoincorporate treasury
Read on briefly.co

Key quotes

Strategy sold 3,588 BTC for about $216 million in two transactions.
Proceeds funded dividends on preferred stock tickers STRF, STRE, STRK, STRD, and the June payment on STRC.
The sale represented 0.42% of holdings and is the largest in Strategy history mainly because prior sales w

From the article

Strategy sold 3,588 BTC for $216M to fund preferred-stock dividends while retaining 843,775 BTC, making treasury cash flows the key investor focus.
Continue reading on briefly.co

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