Michael Saylor's Strategy Sells Bitcoin for First Time in Years, Raises $216 Million

Strategy (formerly MicroStrategy), led by Michael Saylor, sold a total of 3,588 bitcoin across two tranches between June 29 and July 5, 2026, raising $216 million in what CoinDesk, reporting July 6, 2026, described as the company's largest bitcoin sale to date. The sales comprised 1,363 BTC at an average price of $59,256 and 2,225 BTC at an average of $60,773, with proceeds used to fund dividends on the company's "Digital Credit" preferred shares. The sale reduced Strategy's bitcoin holdings to 843,775 coins, though it remains the largest corporate bitcoin treasury in the world. The move marks the first reversal of Saylor's long standing "never sell" stance on the company's bitcoin holdings.