- Strategy sold 3,588 BTC ($216 million) on Monday to fund preferred stock dividend payments and replenish cash reserves.
- The sale boosted dollar reserves to $2.55 billion, enough to cover 17 months of dividend obligations.
- Analysts view the move as a stabilizing step that reduces forced-selling risks and restores market confidence in both Bitcoin and STRC.
- Bitcoin and STRC initially dropped 2.4% but quickly rebounded, indicating investor concerns were short-lived.
On Monday, Strategy sold 3,588 Bitcoin worth $216 million to fund preferred stock dividend payments and replenish its cash reserves. Analysts described the sale as a positive development for Bitcoin’s price and a move that renews confidence in the company’s yield-bearing product, STRC.
According to Grayscale Research, the rebound in STRC suggests that investors are responding positively to this decision. Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph that the sale was a “smart, stabilizing move that actually strengthens the setup for Bitcoin.”
Zach Pandl, Grayscale’s head of research, said Strategy’s actions should “restore market confidence” in its financing structure and may help Bitcoin’s price “find a more durable bottom.” He noted that the sale relieves pressure from potential further BTC sales by Strategy.
Bitcoin initially dropped 2.4% after the announcement, but both BTC and STRC rebounded soon after. STRC topped $91 for the first time in three weeks. Strategy clarified in late June that it would issue shares and sell Bitcoin as needed to maintain sufficient dollar reserves—now totaling $2.55 billion, equivalent to about 17 months of dividend cover.
Adziima added: “By using the proceeds to pad cash reserves for roughly 17 months of STRC dividends, they’ve cut near-term financing pressure and overhang, which helped spark Bitcoin’s quick recovery above $64k while lifting STRC near $90.” He described the move as prudent balance-sheet management, not capitulation. Bitcoin recovered to $64,400 in late trading Monday before dipping to $63,120 at writing.
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