Strategy Sells 3,588 BTC for $216M to Fund Dividends

Strategy sold 3,588 bitcoin for $216 million on July 5, 2026, to cover dividend payments on its STRF, STRE, STRK, STRD and STRC preferred shares, the company’s co-founder Michael Saylor posted Monday.

The proceeds funded second-quarter dividends on STRF, STRE, STRK and STRD and paid the full monthly dividend for June on STRC. After the sale, Strategy held 843,775 BTC and $2.55 billion in cash, according to the disclosure.

The average price received for the coins in the July transaction was about $60,201 per bitcoin. In late May, the company sold 32 BTC between May 26 and May 31 for roughly $2.5 million at an average near $77,135 per coin, a transaction disclosed in an SEC Form 8-K filing.

The July sale is the third time Strategy has sold bitcoin since December 2022. Earlier transactions were much smaller; the company has largely maintained a buy-and-hold approach to its bitcoin reserves.

At 8:13 a.m. Eastern, bitcoin traded below $63,000, in the low $62,000 range and briefly under $62,000 before regaining some ground. The July average price was lower than the May sale’s average of about $77,135.

The company noted that future decisions to sell additional bitcoin will depend on bitcoin price movements and the size of upcoming dividend obligations across its preferred stock lineup.