Strategy (formerly MicroStrategy) disclosed the sale of 3,588 BTC for $216 million between June 29 and July 5 in an SEC Form 8-K filing — its largest Bitcoin liquidation ever and 112 times larger than the 32 BTC test sale that crashed markets in May. The company also reported an $8.32 billion unrealized Q2 loss on its Bitcoin holdings.
Strategy (formerly MicroStrategy) disclosed the sale of 3,588 BTC for $216 million between June 29 and July 5 in an SEC Form 8-K filing — its largest Bitcoin liquidation ever and 112 times larger than the 32 BTC test sale that crashed markets in May. The company also reported an $8.32 billion unrealized Q2 loss on its Bitcoin holdings.
Strategy (MSTR) announced via SEC Form 8-K on July 6, 2026, that it sold 3,588 Bitcoin for approximately $216 million during the week of June 29 to July 5. The sale represents the company's largest Bitcoin liquidation in its six-year history of accumulating the cryptocurrency, and marks a dramatic escalation from the 32 BTC test sale in late May that triggered a 21% market crash.
Key metrics from the filing:
The market reaction was notably different from May. When Strategy sold 32 BTC in late May (disclosed June 1), Bitcoin plummeted from $74,000 to below $58,000 — a 21% crash. This time, a sale 112 times larger produced only a 1% dip before Bitcoin recovered above $62,000 within hours.
Fortune reports that Strategy's holdings represent roughly 4% of Bitcoin's total supply, purchased at an average price of $75,476 per coin — 18% above current prices. CoinDesk analysis notes that Strategy purchased 3,657 BTC at higher prices just before selling 3,588 at lower prices, leaving a net position increase of just 69 BTC despite deploying roughly $20 million.
STRC (Stretch) preferred stock rose 2.1% to $89 on the news, rebounding from last week's low below $75, as the sale demonstrated Strategy's commitment to protecting preferred dividends. The stock still trades below its $100 peg.
Capital Group ($3.3T AUM) disclosed a 10.63% stake (136M shares, ~$203M) in Metaplanet, making it the largest shareholder of Japan's premier Bitcoin treasury company. The firm already holds a position in Strategy, now extending its Bitcoin treasury thesis across two jurisdictions.
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