MicroStrategy Sells $216M in Bitcoin Over Week Ending July 5, Largest Disposal Since 2020

According to its Form 8-K filing, MicroStrategy sold 3,588 Bitcoin for $216 million between June 29 and July 5, marking its largest liquidation since launching its treasury strategy in 2020.

The sale comprised two tranches: 1,363 BTC at an average of $59,256 (June 29–30) and 2,225 BTC at an average of $60,773 (July 1–5). Both were priced below MicroStrategy's $75,700 average cost basis, indicating the sale was driven by cash obligations rather than profit-taking. Proceeds covered dividends on five preferred securities anchoring the company's Digital Credit business. The move contradicts founder Michael Saylor's long-standing stance that the company should never sell its Bitcoin holdings.