Michael Saylor’s company, Strategy Inc. (formerly known as MicroStrategy), is the world’s first and largest Bitcoin Treasury Company. Strategy has disclosed the sale of 3,588 Bitcoin (BTC) for approximately $216 million between June 29 and July 5, 2026. According to a regulatory filing, the liquidations were executed to fund distribution payments for the company’s perpetual preferred stock.

Following the transactions, Strategy’s Bitcoin reserve sits at 843,775 BTC. The corporate treasury firm notably refrained from using its at-the-market (ATM) stock program or initiating any share buybacks during this window. Despite the $216 million divestment, Strategy maintains a substantial cash reserve of $2.55 billion.

Bitcoin dropped on the…