Unchained · Wednesday, July 8, 2026
MicroStrategy announced its largest Bitcoin sale to date, selling 3,588 BTC for $216 million to pay dividends on its preferred stock. This move, intended to extend the company's runway for preferred dividend payments, also saw an increase in the trading price of MicroStrategy's preferred stock (MSTRC).
“Strategy today announced its largest Bitcoin sale ever of 3588 Bitcoin for $216 million to pay dividends on its preferred. That brings its USB total and its treasury to $2.55 billion.”
“And this is what I've seen multiple market observers call for, noting that the company's runway for paying its preferreds seem to be a drag on the price because because the runway was too short. And indeed, we did see that the MSTR price and MSTR C price rose after this announcement.”