Home > Quick > Body

Strategy Sells 3,588 Bitcoin From June 29 to July 5 to Fund Preferred Dividends and Boost Dollar Reserves

clock
2026-07-06 12:14:35
Strategy reported selling 3,588 bitcoin across two periods from June 29 to July 5, with proceeds used to pay preferred stock dividends and add to its U.S. dollar reserves. According to Foresight News, the company disclosed the transactions in an 8-K filing with the U.S. Securities and Exchange Commission.

The company said it sold 1,363 bitcoin from June 29 to 30 at an average price of about $59,256, and sold 2,225 bitcoin from July 1 to 5 at an average price of about $60,773.

As of July 5, Strategy said it held 843,775 bitcoin with a total cost basis of about $63.69 billion and an average cost of about $75,476. It also reported a U.S. dollar reserve balance of $2.55 billion as of July 5, unchanged from the prior week.

Strategy said it did not sell any shares through its at-the-market (ATM) program during the week and did not conduct any share repurchases.

For the second quarter of 2026, the company reported a digital asset loss of about $8.32 billion, including about $8.31 billion in unrealized losses and about $900,000 in realized losses. As of June 30, it said the carrying value of its bitcoin holdings fell to $49.67 billion, below cost, and it plans to record a full valuation allowance against related deferred tax assets.

The company noted the financial figures disclosed were unaudited.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.