MicroStrategy sells 3,588 Bitcoin for $216 million amid liquidity pressure

MicroStrategy, the largest corporate holder of Bitcoin, completed its biggest BTC sale to date, offloading 3,588 coins for roughly US $216 million. The company said the transaction was driven by a need to bolster its dollar reserves and meet obligations on its preferred‑share instrument (STRC), which trades below its $100 reference price.

Analysts note that the sale reflects growing financial pressure as Bitcoin prices remain low and the firm’s preferred‑share dividend and debt commitments rise. The move does not signal a change in the company’s long‑term Bitcoin accumulation thesis, but highlights a shift toward liquidity management to cover preferred‑share dividends and interest for the coming months.