Michael Saylor’s Strategy (NASDAQ: MSTR) has sold Bitcoin (BTC) again under its recently announced BTC Monetization Program.
As per a filing on July 6, the company sold 3,588 BTC for $216 million between June 29 and July 5.
The sales came in two tranches. The first tranche involved the sale of 1,363 BTC for $80.8 million between June 29 and June 30. The second tranche involved the sale of 2,225 BTC for $135.2 million between July 1 and July 5.
The company said proceeds were used to fund distributions on its preferred stock and to replenish its USD Reserve.
Related: Analyst who had high hopes for MicroStrategy sends brutal crash warning
The second sale in five weeks
This is not Strategy’s first sale this year. Between May 26 and May 31, the company sold 32 Bitcoin for roughly $2.5 million, according to a separate filing.
It was Strategy’s first Bitcoin sale since 2022, and it brought holdings down to 843,706 BTC from 843,738 BTC as of May 25. At that time the stake was worth roughly $61 billion.
The amount was tiny, but it mattered because of who did it and what they had said for years.
For most of its history, Strategy, under Saylor, built its identity on a “never sell” doctrine, treating Bitcoin accumulation as a one-way commitment regardless of market conditions.
The July’s sale, following on from May, confirms that the stance has given way to active, recurring capital management rather than a single symbolic exception.
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Holdings, reserve, and Q2 loss round out the picture
As of July 5, Strategy held 843,775 BTC, acquired at an average purchase price of $75,476, down from 846,000 BTC a week earlier.
The company’s USD Reserve, which backs preferred dividend and interest payments, stood at $2.55 billion as of July 5, and the full $1.25 billion capacity under its BTC Monetization Program, announced June 29, remains untapped.
Separately, Strategy reported an $8.32 billion loss on digital assets for the second quarter, nearly all of it unrealized, and said it will record a full valuation allowance against related deferred tax assets as a result.
The filing also confirmed CFO Andrew Kang was designated principal accounting officer effective June 30, following Jeanine Montgomery’s retirement.
Strategy reported no ATM share sales or share repurchases during the period.
The MSTR stock was exchanging hands at $95.72 in premarket hours at press time, down 5%.
Related: Michael Saylor reveals why Strategy sold Bitcoin and why critics are wrong
This story was originally published by TheStreet on Jul 6, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
