Strategy Sells 3,588 BTC to Fund Dividends in Its First Major Bitcoin Sale

Strategy sold 3,588 Bitcoin for approximately $216 million to fund dividend payments on its Digital Credit securities, marking the company's first major Bitcoin sale, Michael Saylor said.

The proceeds will be used to pay second-quarter dividends on the company's STRF, STRK, STRE, and STRD securities, as well as the June dividend on STRC.

The sale reduced Strategy's Bitcoin holdings to 843,775 BTC as of July 6, according to data published on the company's website. The transaction follows the company's earlier symbolic sale of 32 BTC and represents its first large-scale reduction in Bitcoin holdings.

Source: Michael Saylor