The firm sold 3,588 bitcoin last week to bolster its dollar reserves for preferred stock dividends.
By James Van Straten|Edited by Stephen Alpher Jul 6, 2026, 12:16 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Strategy sold 3,588 bitcoin for around $216 million, reducing its total holdings to 843,775 BTC.
- The funds will be used to restore the company's U.S. dollar reserve, which was $2.55 billion as of July 5.
- MSTR shares fell by 2% in pre-market trading.
Strategy (MSTR) sold 3,588 bitcoin for roughly $216 million last week, decreasing its total bitcoin reserves to 843,775 BTC, as stated in an SEC filing on Monday.
The company indicated that the revenue from these bitcoin sales will be allocated towards funding dividends on its preferred stock and restoring part of its U.S. dollar reserves utilized for those distributions. The dollar reserve was noted to be $2.55 billion as of July 5.
The bitcoin was sold at an average price of about $60,000 each, a significant increase compared to the mere 32 bitcoin sold by the company around a month prior, which caused a sharp drop in cryptocurrency prices. The firm currently possesses 843,775 BTC, which it acquired for approximately $63.69 billion, with an average cost of $75,476 per bitcoin.
Additionally, Strategy reported that it did not engage in any share sales under its at-the-market equity program during the week ending July, nor did it repurchase shares under its buyback initiatives. The company also confirmed that the entire $1.25 billion capacity under its newly announced BTC Monetization Program is still accessible.
Following the announcement, MSTR shares declined by 2% in pre-market trading, while bitcoin's value has dropped to $61,900 from $62,900, reversing much of its recent gains.
Bitcoin NewsLatest Crypto News- 1Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost6 minutes ago
- 2Russia's largest bank plans crypto wallet launch as Moscow clears market path1 hour ago
- 3SpaceX's Nasdaq 100 inclusion comes with a historical warning1 hour ago
- 4U.S. inflation outlook underpins bitcoin bulls after best week since March1 hour ago
- 5Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness2 hours ago
- 6Bitcoin's Sharpe Ratio slides to lowest since 2022. Here's what it means.2 hours ago
- 7Ripple's preliminary crypto asset provider license in Luxembourg upgraded to fully compliant2 hours ago
- 8Coinbase AI draws backlash after erroneously publishing World Cup result before kickoff3 hours ago
- 9FOMC minutes, SpaceX joins Nasdaq 100: Crypto Week Ahead4 hours ago
- 10Vitalik Buterin says Ethereum is preparing its 'biggest rebuild' since the Merge5 hours ago
Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
By CoinDesk ResearchJun 30, 2026Commissioned byGenZcashZcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
View Full ReportMore From Markets