Strategy has officially sold 3,588 BTC to cash out $216 million, used to pay digital asset-backed securities dividends

BlockBeats News, July 6th, the Strategy official account posted that the company has officially sold 3,588 bitcoins, cashing out $216 million to pay dividends on its digital asset-backed securities. As of July 5th, the company's bitcoin reserves have decreased to 843,775 coins, while holding a USD reserve of $2.55 billion.

This is the second time Strategy has publicly disclosed a reduction operation this year, following the sale of 32 BTC to cover preferred stock dividends from May 26th to 31st. The scale of this recent sale is significantly larger, reflecting the company's increasing reliance on selling part of its bitcoin reserves to meet its dividend obligations amid downward price pressure and an expanding unrealized loss on its holdings.