Woofun AI reports that Strategy executed the sale of 3,588 BTC, generating $216 million to service dividends on its digital asset-backed securities. As of July 5th, the firm's total bitcoin holdings were reduced to 843,775 coins, while maintaining a USD reserve of $2.55 billion.

This transaction marks the second disclosed sale by Strategy this year, succeeding a smaller disposal of 32 BTC between May 26th and 31st intended to cover preferred stock dividends. The current operation represents a substantially larger liquidation event reflecting the company's increased reliance on selling part of its bitcoin reserves to meet its dividend obligations amid downward price pressure and an expanded unrealized loss on its holdings.