#StrategySells3588BTC


The "never sell" Bitcoin narrative just faced its ultimate reality check.

Between June 29 and July 5, Strategy executed its largest Bitcoin sale to date, dumping 3,588 BTC onto the market to raise roughly $216 million. The liquidation over 100 times the size of its 32 BTC "test" sale in May was required to fund dividend distributions for its perpetual preferred stock.

While Strategy still holds an immense 843,775 BTC and $2.55 billion in cash, a massive $8.32 billion digital asset impairment loss in Q2 briefly dragged its mNAV below 1.0. Wall Street is adjusting to a new era: even the ultimate corporate diamond hands must occasionally sell to service its complex capital structure.

#Bitcoin #CryptoNews #MichaelSaylor #BTC
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