Strategy has sold another portion of its Bitcoin holdings as the company uses its digital-asset treasury to support preferred-stock obligations and capital-management plans.
Strategy sold 1,638 Bitcoin last week, raising approximately $105 million as the world’s largest corporate Bitcoin holder continued to draw liquidity from its crypto reserves.
The latest transaction reduced the company’s total holdings to 842,138 BTC, worth roughly $53 billion at current market prices. The proceeds are expected to support preferred-stock dividend payments and share repurchases, according to a company disclosure reported Monday.
The sale marks another departure from Strategy’s former accumulation-only approach, under which the company became closely associated with consistently buying and holding Bitcoin.
Strategy turns Bitcoin holdings into a funding source
Strategy announced a Bitcoin monetization program in late June that allows it to sell portions of its holdings to strengthen its US dollar reserve and meet financial obligations.
The program permits the company to raise as much as $1.25 billion through Bitcoin sales. The funds may be used for preferred-stock dividends, interest payments on outstanding debt and authorised share repurchases.
The latest sale follows a larger disposal completed between June 29 and July 5, when Strategy sold 3,588 BTC for approximately $216 million. That transaction reduced its holdings to 843,775 BTC at the time.
Before those sales, Strategy had rarely disposed of its Bitcoin. The company sold 32 BTC in late May for approximately $2.5 million, its first reported Bitcoin sale since 2022.
The recent transactions suggest that Bitcoin is no longer being treated solely as a long-term reserve asset. It is also becoming a liquidity source for Strategy’s growing dividend and capital-management commitments.
Bitcoin and Strategy shares face pressure
Bitcoin was trading near $62,665 at the time of reporting, while Strategy shares were priced around $93.28, down approximately 4.6% from the previous close.
The sale may add to market concerns about potential supply from a company that controls one of the largest Bitcoin positions globally. However, the 1,638 BTC disposal represents only a small portion of Strategy’s remaining holdings.
Bitcoin’s wider price movement cannot be attributed to the company’s sale alone. Broader crypto-market conditions, institutional flows and investor risk appetite also influence short-term price action.
The more important development is the change in Strategy’s treasury policy. After years of positioning itself as a consistent corporate Bitcoin buyer, the company is now willing to sell portions of its reserves when cash requirements and capital priorities demand it.
Further sales remain possible under the monetization program, making Strategy’s future disclosures closely watched by both Bitcoin investors and shareholders.
