Michael Saylor's Strategy sells Bitcoin again

Michael Saylor's Strategy (NASDAQ: MSTR) has sold Bitcoin (BTC) again nether its precocious announced BTC Monetization Program.

As per a filing on July 6, the institution sold 3,588 BTC for $216 million between June 29 and July 5. 

The income came successful 2 tranches. The archetypal tranche progressive the merchantability of 1,363 BTC for $80.8 cardinal betwixt June 29 and June 30. The 2nd tranche progressive the merchantability of 2,225 BTC for $135.2 cardinal betwixt July 1 and July 5. 

The institution said proceeds were utilized to money distributions connected its preferred banal and to replenish its USD Reserve.

Related: Analyst who had precocious hopes for MicroStrategy sends brutal clang warning

The 2nd merchantability successful 5 weeks

This is not Strategy's archetypal merchantability this year. Between May 26 and May 31, the institution sold 32 Bitcoin for astir $2.5 million, according to a abstracted filing. 

It was Strategy's archetypal Bitcoin merchantability since 2022, and it brought holdings down to 843,706 BTC from 843,738 BTC arsenic of May 25. At that clip the involvement was worthy astir $61 billion. 

The magnitude was tiny, but it mattered due to the fact that of who did it and what they had said for years. 

For astir of its history, Strategy, nether Saylor, built its individuality connected a "never sell" doctrine, treating Bitcoin accumulation arsenic a one-way committedness careless of marketplace conditions.

The July's sale, pursuing connected from May, confirms that the stance has fixed mode to active, recurring superior absorption alternatively than a azygous symbolic exception. 

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Holdings, reserve, and Q2 nonaccomplishment circular retired the representation

As of July 5, Strategy held 843,775 BTC, acquired astatine an mean acquisition terms of $75,476, down from 846,000 BTC a week earlier. 

The company's USD Reserve, which backs preferred dividend and involvement payments, stood astatine $2.55 cardinal arsenic of July 5, and the afloat $1.25 cardinal capableness nether its BTC Monetization Program, announced June 29, remains untapped. 

Separately, Strategy reported an $8.32 cardinal nonaccomplishment connected integer assets for the 2nd quarter, astir each of it unrealized, and said it volition grounds a afloat valuation allowance against related deferred taxation assets arsenic a result. 

The filing besides confirmed CFO Andrew Kang was designated main accounting serviceman effectual June 30, pursuing Jeanine Montgomery's retirement.

Strategy reported nary ATM stock income oregon stock repurchases during the period.

The MSTR banal was exchanging hands astatine $95.72 successful premarket hours astatine property time, down 5%.

Related: Michael Saylor reveals wherefore Strategy sold Bitcoin and wherefore critics are wrong

This communicative was primitively published by TheStreet connected Jul 6, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.