Apple · Strategy · Bitcoin · Tether · Decrypt
Morning Minute: Strategy Turns Net Seller
Compiled by KHAO Editorial — aggregated from 1 source + 2 references discovered via search. See llms.txt for citation guidance.
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Morning Minute is a daily newsletter written by Tyler Warner.
Key facts
- Do the math on the round trip: it bought roughly 3,657 BTC in June at an average near $64,600, then sold about 3,620 BTC over the following two weeks at an average near $60,400
- BTC immediately sold off on the headline to $61,800 then rebounded to $64,200 overnight
- Strategy confirmed it sold 3,588 BTC over the past week for roughly $216 million, according to an SEC filing and its public treasury dashboard
- Michael Saylor framed the sales as routine treasury management, saying they covered dividend obligations on the company’s Digital Credit securities (STRF, STRC, STRK and STRD) and refilled its fiat
Summary
Crypto majors mostly flat, reverse afternoon gains; BTC at $63.7k. Strategy sells $216M in BTC, now holds over $2.55B in cash. Strategy confirmed it sold 3,588 BTC over the past week for roughly $216 million, according to an SEC filing and its public treasury dashboard. Michael Saylor framed the sales as routine treasury management, saying they covered dividend obligations on the company’s Digital Credit securities (STRF, STRC, STRK and STRD) and refilled its fiat reserves (now over $2.5B).