Bitcoin

Reserve

Time

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 its SEC filing released on Monday.
Michael Saylor, the company’s executive chairman, posted on X:
<blockquote>
 “Strategy has sold 3,588 $BTC for $216 million to fund dividends on our Digital Credit securities. As of 7/5/2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves.”
</blockquote>
<h3 id="strategy-sells-bitcoin-in-two-batches-while-keeping-its-reserve-plan-open">Strategy sells Bitcoin in two batches while keeping its reserve plan open</h3>
Strategy’s first sale covered June 29 to June 30 when it sold 1,363 BTC for $80.8 million, after fees and expenses. The average sale price was $59,256 per Bitcoin, and by the end of June 30, the company still held 846,000 BTC, with a total purchase cost of $63.94 billion, including fees and expenses. The average purchase price was $75,578 per Bitcoin.
Strategy’s second sale covered July 1 to July 5 when it sold 2,225 BTC for $135.2 million, after fees and expenses. The average sale price was $60,773 per Bitcoin. By 4:00 p.m. Eastern Time on July 5, the company’s Bitcoin reserve stood at 843,775 BTC. Its total purchase cost had moved to $63.69 billion, with an average purchase price of $75,476 per Bitcoin.
Strategy’s SEC filing said part of the cash from the Bitcoin sales paid distributions on preferred stock, while the rest refilled the part of the USD Reserve that had been used for those payments. The firm maintains this Reserve of USD for a distinct purpose. It is supposed to cover dividend payments on preferred stocks and interest on loans. By July 5, the Reserve had a total value of $2.55 billion.
On June 29, Strategy also announced a BTC Monetization Program. That program allows the company to sell <a href="https://www.cryptopolitan.com/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> from time to time. One stated use is raising up to $1.25 billion more for the USD reserve. As of July 5, none of that capacity had been used. The full $1.25 billion was still available.
The filing also made one separate point about capital returns. From June 29 through July 5, Strategy did not purchase any shares under its stock repurchase programs.
<h3 id="strategy-reports-a-large-digital-asset-loss-and-gives-andrew-kang-the-accounting-role">Strategy reports a large digital asset loss and gives Andrew Kang the accounting role</h3>
For the quarter that ended on June 30, 2026, Strategy reported an $8.32 billion loss on digital assets. That number included $8.31 billion in unrealized losses and $0.9 million in realized losses. As of June 30, the company carried its digital assets at $49.67 billion.
The filing said the company’s Bitcoin cost basis was higher than the fair value of its Bitcoin holdings at quarter-end. Because of that, Strategy will record a valuation allowance against the deferred tax benefit and deferred tax asset linked to the unrealized Bitcoin loss for the quarter. Those amounts will be fully offset.
The financial numbers were prepared by Strategy management. KPMG LLP, the company’s independent registered public accounting firm, did not audit the numbers, did not review them, and did not give an opinion on them.
The <a href="https://www.strategy.com/press/strategy-sells-3-588-btc-to-fund-digital-credit-dividends-now-holds-843-775-and-2-55b" rel="noopener noreferrer nofollow">filing</a> further included an executive update under Item 5.02, which relates to changes and appointments of directors and officers and compensation issues.
At press time, Bitcoin had lost $2,000 and is now struggling to hold on to $60,000, according to data from CoinGecko.
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Saylor's Strategy sold 3,588 Bitcoin worth $216 million as it moved to bolster liquidity and fund dividends.

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