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Saylor’s Strategy sells 3,588 Bitcoin for $216 million to shore up cash and dividends
Jul 6, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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AI Overview
MicroStrategy (MSTR) sold 3,588 Bitcoin for about $216 million between June 29 and July 5, 2026. Proceeds were used to pay preferred stock obligations and replenish dollar reserves while the company made no share repurchases, a treasury-focused liquidity move that could exert short-term downward pressure on Bitcoin and signals cautious corporate crypto management.
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Bitcoin whale Strategy (MSTR) last week sold 3,588 Bitcoins for $216 million from June 29 to July 5, 2026, with the cash used for payments related to its preferred stock and to replenish some of its dollar reserves. The company did not buy any shares through its repurchase plans during that same period, according to...
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In This News
Coins
$ 64.16K
+0.51%$ 0.000249
$ 0.0241
$ 95.44
-0.08%Predictions Markets
See what traders are focused on
Share: