- Strategy sold BTC to settle dividends on STRF, STRE, STRK, STRD, and STRC.
- The total sales between June 29 and July 5 amounted to 3,588 BTC worth $216 million.
- Bitcoin pulled back 4.23% on Monday morning, reversing from a 5-day bullish streak.
Strategy has sold 3,588 Bitcoins for $216 million to fund dividends on its Digital Credit securities. The asset management firm disclosed this in its latest official post on X, noting that it held 843,755 BTC and $2.55 billion in USD reserves.
According to Strategy, it used returns from reported sales to settle the Q2 dividends on STRF, STRE, STRK, and STRD, and the full monthly dividend for June on STRC.
Strategy’s Largest-Ever BTC Liquidation
Notably, the selloff represents Strategy’s most substantial asset liquidation since anchoring its corporate treasury to cryptocurrency. The company’s Chairman, Michael Saylor, stated that the transaction indicates a significant evolution in its financial approach. He noted that Strategy is transitioning from a strict buy-and-hold accumulation model to active balance sheet monetization.
It is worth noting that Strategy structured the liquidations in two separate tranches to manage market impact. It executed the initial tranche between June 29 and June 30, selling 1,363 BTC for roughly $80.8 million, at an average price of $59,256 per coin. Strategy’s next batch of sales happened between July 1 and July 5, when it sold 2,225 BTC for approximately $135.2 million at an average price of $60,773 per coin.
With a combined average of $60,000 per coin, the sales fell below Strategy’s total aggregate cost basis of $75,476 per BTC across its remaining Bitcoin holdings. Hence, significantly contributed to the largely unrealized $8.32 billion digital asset loss booked for Q2 2026. Meanwhile, it is crucial to note that Strategy executed the liquidation under its new “BTC Monetization Program,” permitting capital drawdowns of up to $1.25 billion.
Crypto Market Responds to Strategy’s BTC Sales
As expected, Strategy’s BTC selloff announcement triggered immediate psychological and systemic reactions across the digital asset framework. TradingView’s data reveals a 4.23% pullback in Bitcoin’s price early Monday morning, suggesting panic among users, following a sustained rally that lasted the previous five days.
Related Article: Peter Schiff Says Strategy’s Bitcoin Sales Mark End of Saylor’s Never-Sell Era
Simultaneously, Strategy’s stock (MSTR) slid between 2% and 5% pre-market trading, reflecting investor anxiety over the company’s leveraged exposure and underlying asset losses. Meanwhile, Strategy’s move compounds the near-term supply overhang, considering that spot Bitcoin ETFs are facing substantial net outflows of over $5.5 billion so far in 2026, with crypto miners acting as net sellers to fund AI infrastructure shifts.
Despite the immediate selloff, top market analysts remain confident over Strategy’s execution pattern, particularly the choice to protect its $2.55 billion USD cushion. According to Bernstein analysts, the firm’s liabilities stand at a safe 13% of its Bitcoin collateral value, with no major principal debt walls due until Q3 2028. They believe this defense limits fears of catastrophic contagion, preserving long-term institutional trust in crypto-collateralized corporate frameworks.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
