Unchained · Thursday, July 9, 2026
MicroStrategy has sold its largest tranche of Bitcoin to date, offloading 3,588 BTC for approximately $216 million. This move is seen as a way to fund preferred dividends, raising questions about whether Bitcoin sales are becoming a routine necessity for the company, especially with the diminished MNAV premium.
“So strategy sold 3,588 Bitcoin as disclosed, uh, for $216 million in cash roughly. That's its biggest tranche yet, capping some previous selling to fund the preferred dividends.”
“So, one of the things that we're looking at is with the Mnav premium gone, the question comes is selling Bitcoin to cover the dividends the routine? Is it still an accumulator or is this now a recurring seller in the current Bitcoin environment?”
“The facts as we've said were they broke their multi-year no sales streak, uh, with the 32 Bitcoin sale and now have followed on a month later with a much larger sale.”