MicroStrategy sells $216 million of Bitcoin in its largest off‑balance sale

MicroStrategy (formerly MicroStrategy), the world’s biggest corporate holder of Bitcoin, sold 3,588 BTC for roughly $216 million between June 29 and July 5. The average price of $60,000 per coin was about 20 % below the company’s average cost basis of $75,000, marking its largest Bitcoin liquidation since 2022. The proceeds fund dividend payments on its digital‑credit securities. Despite the sale, MicroStrategy still owns about 843,775 BTC – roughly 4 % of all mined Bitcoin – and the market reaction was muted, with prices holding near $63,000‑$64,000.

Analysts note that the sale’s impact is limited in a market where daily Bitcoin trading volume exceeds $33 billion. Broader macro factors, especially the U.S. Federal Reserve’s tight monetary stance, are seen as the primary drivers of recent price moves. Meanwhile, corporate Bitcoin buying has accelerated. Data from BitcoinTreasuries indicate public companies purchased 110,000 BTC in Q2 2026, a 1.8 × increase over the prior two quarters, bringing total corporate holdings to over 1.26 million BTC—about 6 % of the total supply. This surge in corporate demand has been cited as a catalyst behind Bitcoin’s record highs in 2025, though market volatility and geopolitical tensions keep the outlook uncertain.