Strategy sold 3,588 Bitcoin for roughly $216 million between June 29 and July 5, using the proceeds to pay dividends on its preferred stock and replenish its cash reserve, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday. Chairman Michael Saylor confirmed the sale in a post on X, and the company also announced it via its official account.
The sale came in two tranches, per the filing. Strategy sold 1,363 BTC for $80.8 million, at an average price of $59,256, between June 29 and June 30. It then sold 2,225 BTC for $135.2 million, at an average price of $60,773, between July 1 and July 5.
The filing states that proceeds "were used to fund payment of distributions on preferred stock and to replenish the portion of the USD reserve used for this purpose."
The proceeds covered second-quarter dividends on the STRF, STRE, STRK and STRD preferred securities and the June monthly payment on STRC, though the 8-K itself does not break out the sale proceeds by security.
Strategy held 843,775 BTC as of July 5, carried at an aggregate purchase price of $63.69 billion, or about $75,476 per coin. That's down from 846,000 BTC and a $63.94 billion cost basis as of June 30.
