{"id":10521,"date":"2026-07-07T05:44:48","date_gmt":"2026-07-07T05:44:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10521"},"modified":"2026-07-07T05:44:48","modified_gmt":"2026-07-07T05:44:48","slug":"strategy-sells-216m-in-bitcoin-breaking-saylors-never-sell-creed","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10521","title":{"rendered":"Strategy Sells $216M in Bitcoin, Breaking Saylor’s ‘Never Sell’ Creed"},"content":{"rendered":"

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  • Strategy sold 3,588 Bitcoin for US$216 million (AU$311.04 million) between June 29 and July 5, its largest disposal since launching the treasury strategy in 2020.<\/span><\/li>\n
  • The proceeds covered dividends on five preferred instruments, signaling those obligations now shape how the company manages its Bitcoin reserve.<\/span><\/li>\n
  • Michael Saylor once insisted \u201cyou do not sell your Bitcoin,\u201d making the sale a pointed reversal as MSTR shares slid and Bitcoin dipped below $62,000.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Strategy sold 3,588 Bitcoin (BTC) for US$216 million (AU$311.04 million) over the week ending July 5, its largest-ever liquidation of the asset, disclosing the move in a Form 8-K and signaling a shift from Michael Saylor\u2019s long-standing refusal to part with any of the company\u2019s holdings.<\/p>\n

    The sale came in two tranches, according to the filing: 1,363 Bitcoin at an average of US$59,256 (AU$85,329) between June 29 and 30, and 2,225 Bitcoin at an average of US$60,773 (AU$87,513) from July 1 to 5.\u00a0<\/p>\n

    Strategy said the proceeds covered second-quarter dividends on its STRF, STRE, STRK and STRD preferred securities and a payment on a fifth, STRC, which together anchor what it calls its Digital Credit business.<\/p>\n

    Related: Irish Authorities Recover Third Batch of Bitcoin from Convicted Drug Trafficker\u2019s Lost Wallets, Now Totaling US$92 Million\u00a0<\/strong><\/p>\n

    Dividends Drive the Reserve<\/h2>\n

    After the sale, Strategy held 843,775 Bitcoin and about US$2.55 billion (AU$3.67 billion) in cash as of July 5, against a cost basis near US$63.9 billion (AU$92.02 billion), or roughly US$75,700 (AU$109,008) a coin.<\/p>\n

    The move obviously contradicts Strategy\u2019s identity of relentless accumulation and once declared, \u201cYou do not sell your Bitcoin.\u201d\u00a0<\/p>\n

    Both tranches sold below the company\u2019s roughly US$75,700 (AU$109,008) average cost, meaning the coins were let go at a loss relative to what Strategy paid, underscoring that the sale was driven by cash needs rather than opportunistic profit-taking.<\/p>\n

    Bitcoin slipped below US$62,000 (AU$89,280) after the disclosure, and MSTR shares fell about 5%, extending a decline that has left them well off their recent highs.\u00a0<\/p>\n

    The company still holds close to 4% of all Bitcoin.<\/p>\n

    Read more: Bitcoin ETFs Suffer Record $4.5 Billion Exodus in June as Demand Cools<\/strong><\/p>\n<\/p><\/div>\n

    Michael Saylor,Microstrategy#Strategy #Sells #216M #Bitcoin #Breaking #Saylors #Sell #Creed1783403088<\/p>\n","protected":false},"excerpt":{"rendered":"

    Strategy sold 3,588 Bitcoin for US$216 million (AU$311.04 million) between June 29 and July 5, its largest disposal since launching the treasury strategy in 2020. The proceeds covered dividends on five preferred instruments, signaling those obligations now shape how the company manages its Bitcoin reserve. Michael Saylor once insisted \u201cyou do not sell your Bitcoin,\u201d<\/p>\n","protected":false},"author":1,"featured_media":10522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[5336,91,311,5337,1606,250,950,107],"class_list":["post-10521","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-216m","tag-bitcoin","tag-breaking","tag-creed","tag-saylors","tag-sell","tag-sells","tag-strategy"],"yoast_head":"\nStrategy Sells $216M in Bitcoin, Breaking Saylor's 'Never Sell' Creed - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10521\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy Sells $216M in Bitcoin, Breaking Saylor's 'Never Sell' Creed\" \/>\n<meta property=\"og:description\" content=\"Strategy sold 3,588 Bitcoin for US$216 million (AU$311.04 million) between June 29 and July 5, its largest disposal since launching the treasury strategy in 2020. The proceeds covered dividends on five preferred instruments, signaling those obligations now shape how the company manages its Bitcoin reserve. 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