Strategy (formerly MicroStrategy) has officially confirmed the sale of 3,588 BTC over the past week. This volume is nearly seven times higher than the figure of 491 BTC that had circulated in rumors and sparked active discussions within the crypto community.
Executive Chairman Michael Saylor personally commented on the transaction: the proceeds amounted to approximately $216 million, and these funds were used to pay dividends on Digital Credit securities. This is the company's largest bitcoin sale since the tax optimization in 2022.
Transaction Details
Official data from Strategy shows a phased reduction in reserves: on June 30 — a decrease of 1,363 BTC, and on July 6 — another decrease of 2,225 BTC. Thus, the total reduction in holdings amounted to exactly 3,588 BTC. Despite this operation, the company retains its status as the largest corporate bitcoin holder among public firms — 843,775 BTC.
Why the Rumors Were Inaccurate
Initially, on-chain analysts recorded a transfer of 491 BTC, which many mistakenly considered insignificant. However, Saylor's statement clarified the situation: the actual sales volume turned out to be many times higher. This indicates that the company is using a more flexible strategy for managing its corporate reserve than before, allowing for selective monetization of part of its assets.
Significance for the Market
Although the 3,588 BTC sold represent less than 0.5% of Strategy's total portfolio, this is the first such large-scale operational sale. Earlier this year, the company sold only 32 BTC for similar purposes. The current transaction demonstrates management's willingness to monetize a small portion of reserves without abandoning long-term accumulation. After the operation, the company retains $2.55 billion in dollar reserves, underscoring the strength of its balance sheet.
What's Next
Investor attention is now focused on fresh reports and transaction data — they will show how frequently Strategy plans to resort to bitcoin sales in the future. Whether this will be a one-time event or the beginning of a new policy remains to be seen.
Expert Opinion: The sale of 3,588 BTC is not a strategic reversal but rather a demonstration of financial flexibility. The company has found a way to generate liquidity for shareholders without undermining its dominant position as the largest corporate holder. However, if such sales become regular, it could change the market's perception of the "bitcoin treasury" as an inviolable reserve.