Strategy sold Bitcoin to cover dividend payments, with Grayscale saying the move could support a durable Bitcoin price bottom.

The Bitcoin treasury giant sold $216 million worth of Bitcoin to cover preferred payouts, as an $8.3 billion quarterly loss piled up.

Strategy sold 3,588 BTC for $216 million to fund dividends. The firm now holds 843,775 BTC and $2.55 billion in cash.