Strategy Inc. disclosed in a SEC Form 8-K, it sold 3,588 Bitcoin for about $216 million between June 29 and July 5. The sales included 1,363 BTC worth $80.8 million during June 29–30 and 2,225 BTC worth $135.2 million during July 1–5, reducing its Bitcoin holdings to 843,775 BTC.
The company said the proceeds from the Bitcoin sales were used to fund preferred stock payments. As of July 5, Strategy’s cash reserve totaled $2.55 billion.
For the second quarter, Strategy reported an unrealized loss of $8.31 billion and an $8.32 billion loss on digital assets.
As of June 30, the company reported a digital asset carrying value of $49.67 billion.
Strategy also confirmed it did not sell any shares under its at-the-market (ATM) program during the period and made no share repurchases, according to the SEC Form 8-K filing.
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