Michael Saylor · Strategy · Bitcoin · CryptoSlate
Per the filing, Strategy sold the coins in two batches
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With the previous 32 BTC sale, the firm sold a total of 3,620 BTC in the second quarter.
Key facts
- On July 6, the company, formerly known as MicroStrategy, revealed that it sold 3,588 Bitcoin for about $216 million between June 29 and July 5
- Notably, the company’s remaining Bitcoin was acquired for about $63.69 billion, or an average price of $75,476 per coin
- Bitcoin is +2.77% over the past 24 hours and currently sits at rank # 1 by market cap
- With the previous 32 BTC sale, the firm sold a total of 3,620 BTC in the second quarter
Summary
01 Strategy sold 3,588 Bitcoin for about $216 million from June 29 to July 5, its biggest sale in years. 02 The proceeds funded preferred-stock dividends and replenished dollars reserved for payouts, while Bitcoin holdings still dwarf the sale. 03 The move raises a fresh question: whether future cash needs will force more Bitcoin sales when the company is under market stress. Strategy’s largest Bitcoin sale in years has put new pressure on the corporate treasury model that made Michael Saylor one of the most closely watched figures in digital assets. On July 6, the company, formerly known as MicroStrategy, revealed that it sold 3,588 Bitcoin for about $216 million between June 29 and July 5.