Strategy Sells $216 Million of Bitcoin, Its Largest Sale Ever, as Saylor's Financing Overhaul Begins - Unchained
Strategy disclosed its largest-ever bitcoin sale, the first concrete move under the financing overhaul it unveiled days earlier. Posted July 7, 2026 at 6:26 am EST. Strategysold$216 millionof bitcoin last week,. . .
Strategy disclosed its largest-ever bitcoin sale, the first concrete move under the financing overhaul it unveiled days earlier. Posted July 7, 2026 at 6:26 am EST. Strategysold$216 millionof bitcoin last week, the largest disclosed sale sinceMichael Saylorbegan building the company’s bitcoin position in 2020 and only the third sale the company has ever made. A form 8-K filed with the Securities and Exchange Commission Monday shows Strategy sold3,588 bitcoinbetween June 29 and July 5, below its cost basis. The sale came in two tranches:1,363 bitcoinfor$80. 8 millionat an average of$59,256between June 29 and June 30, then2,225 bitcoinfor$135. 2 millionat an average of$60,773through July 5. This story is an excerpt from theUnchained Daily newsletter. Subscribe here to get these updates in your email for freeStrategy said proceeds from the Bitcoin sales funded distributions on its preferred stock and replenished its dollar reserve, which stood at$2. 55 billionas of July 5. The company’s holdings now total843,775 bitcoin, worth about$53 billion, acquired at an average price of$75,476per coin. The sale matters because it marks the first real test of the “financing overhaul” Strategy announced on June 29, when it gave itself broader authority to sell bitcoin, buy back shares, and manage liquidity as pressure built on the capital structure that funded years of aggressive buying. That overhaul authorized up to$1. 25 billionin bitcoin sales to bolster the cash reserve, alongside two$1 billionbuyback programs for common and preferred shares. The shifts come asSTRChas traded well below its$100par value, most recently around$89. Related Listen:How the Strategy Empire Breaks, and Whether Saylor Can Stop ItAI-assisted content:This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.