MicroStrategy Holds 847,000 BTC (4% of Supply), Creates Dual Risk as Potential Seller on July 2

According to CoinDesk, MicroStrategy holds approximately 847,000 BTC, representing about 4% of total Bitcoin supply, and bought $13.7 billion worth this year—accounting for roughly 70% of market net inflows. The company's potential use of BTC sales for preferred stock dividends could create "buy and sell" liquidity risks, potentially amplifying Bitcoin volatility.

MicroStrategy maintains $2.55 billion in cash reserves, sufficient to cover about 17 months of preferred stock dividends and interest payments. Analysts suggest the company should increase this coverage to 24-36 months through common stock issuance to reduce future forced selling pressure.