Strategy Breaks 'Never Sell' Bitcoin Pledge, Then Buys More
Strategy (formerly MicroStrategy) sold 32 Bitcoin for $2.5 million on June 1, 2026—its first sale since 2022—to fund preferred stock dividends, breaking its long-standing 'never sell' pledge. The sale triggered a Bitcoin price drop below $60,000 and a 6% stock decline. However, between June 1-7, the company repurchased 1,550 BTC for $101 million, funded by equity sales, increasing its total holdings to 845,256 BTC. The net effect added 1,518 BTC, calming fears of a strategic shift.
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Strategy Turns Net Seller: Sells $216M in Bitcoin for Dividends
Strategy (formerly MicroStrategy) confirmed it sold 3,588 BTC for approximately $216 million over the past week, according to an SEC filing. The sales occurred in two tranches: 1,363 BTC through June 30 and 2,225 BTC between July 1 and July 5 at an average price of $60,773. CEO Michael Saylor framed the sales as routine treasury management to cover dividend obligations on Digital Credit securities and refill fiat reserves, which now stand at over $2.5 billion. The company's Bitcoin holdings fell to 843,775 BTC from a June 22 peak of 847,363. The move follows the June 29 'Digital Credit Capital Framework' authorizing up to $1.25 billion in Bitcoin sales. The article notes that Strategy bought roughly 3,657 BTC in June at an average near $64,600 and sold at a lower average, raising questions about the strategy's effectiveness. Other top news includes Bernstein reaffirming a $150k BTC target for 2026, a $20M BonkDAO governance attack, Tether's plans to bring USDT to Bitcoin, and Ripple achieving full MiCA compliance in Europe.
Yahoo FinanceStrategy Sells 3,558 Bitcoin for $216M to Pay Dividends; Treasury Model Questioned
Strategy (formerly MicroStrategy) disclosed on July 6, 2026, that it sold 3,558 Bitcoin for approximately $216 million between June 29 and July 5 to fund dividend payments on its preferred securities. The sale occurred at an average price of $60,773 per BTC for the July portion, below its aggregate purchase price of $75,476 per coin, marking a loss. The company ended the period with 843,775 BTC and $2.55 billion in dollar reserves. The sale is part of a newly announced BTC Monetization Program allowing up to $1.25 billion in Bitcoin sales. The annual dividend load on Strategy's five preferred instruments is estimated at $1.5 billion, which its software business cannot cover. With MSTR's market premium to Bitcoin holdings compressed, equity issuance has narrowed. The company reported no ATM sales or buybacks during the period. The article highlights a shift from the original treasury model where Bitcoin appreciation would fund capital structure, now consuming Bitcoin at a loss.
Yahoo FinanceMichael Saylor's Strategy Burns Through 17% of Bitcoin Sale Authorization in First Week
Strategy (formerly MicroStrategy) has sold 3,588 Bitcoin for approximately $216 million to fund preferred stock dividends and bolster cash reserves, consuming 17% of its $1.25 billion Bitcoin sale authorization in under a week. This marks a major departure from Michael Saylor's long-standing policy of accumulating Bitcoin without selling. The sales are being used to support dividends on the company's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which are paid before common shareholders receive anything. Common shareholders, who bought MSTR for leveraged Bitcoin exposure, now face reduced exposure as the company sells its core asset. MSTR shares have fallen 75% over the past year, and investors now face five compounding risks beyond simple Bitcoin price volatility. The market reacted with Bitcoin falling nearly 3% to around $61,700 following the announcement.
Yahoo FinanceMichael Saylor's New MSTR Playbook Is Already Costing Investors: 17% of Bitcoin Sale Capacity Gone
Strategy (formerly MicroStrategy) has sold 3,588 Bitcoin for approximately $216 million to fund preferred stock dividends and bolster cash reserves, consuming 17% of its $1.25 billion Bitcoin sale authorization in less than a week. This marks a major departure from Michael Saylor's long-standing strategy of accumulating Bitcoin without selling. The company announced last week that selling Bitcoin could support dividends on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and strengthen liquidity. Preferred shareholders now receive dividends before common shareholders, reducing the leveraged Bitcoin exposure that common MSTR investors originally sought. MSTR shares have lost 75% of their value over the past year. The article highlights five compounding risks beyond Bitcoin price volatility, including higher financing costs, growing leverage, and preferred stock obligations. The market reacted negatively, with Bitcoin falling 1.30% and MSTR dropping 3.38%.
Yahoo FinanceStrategy Sells $216 Million Worth of Bitcoin
Strategy (NASDAQ: MSTR), led by Chairman Michael Saylor, has sold $216 million worth of Bitcoin, offloading 3,588 BTC over the past week at an average price of $60,000 per coin. The sales, disclosed in a U.S. regulatory filing, reduce the company's Bitcoin holdings to 843,775 BTC, acquired for $63.69 billion at an average price of $75,476 per Bitcoin. Proceeds will be used to fund dividend payments on its preferred stock (NASDAQ: STRC), which yields 12% bi-monthly, and replenish dollar reserves. As of July 5, Strategy held $2.55 billion in cash. The company recently changed governance to allow more Bitcoin sales for operations. With Bitcoin trading at $61,800, Strategy's holdings are under water. MSTR stock has fallen 75% in the past year to $100.77 per share, amid analyst concerns over dividend sustainability.
Yahoo FinanceWhy Strategy, Inc. Plunged in June
Shares of Strategy, Inc. (NASDAQ: MSTR) dropped 45.4% in June 2026, driven by a decline in Bitcoin prices and forced actions by the company. Strategy, a Bitcoin treasury firm led by Michael Saylor, reported its first Bitcoin sales in 41 months to fund preferred stock dividends. Bitcoin fell 18.4% in June alone and 28.5% year-to-date, partly due to investor rotation into AI stocks. To reassure markets, Strategy announced a new liquidity plan including a $3.8 billion reserve, potential Bitcoin sales, a $1.0 billion share repurchase program, and preferred stock repurchases. The article also notes short-sellers may be targeting Bitcoin to force more sales from Strategy. The broader context includes gold’s decline and ongoing macroeconomic uncertainty.
Yahoo FinanceStrategy Announces Major Shake-Up to Bitcoin Plan, Impacting MSTR Stock
Strategy (NASDAQ: MSTR), the Bitcoin treasury company led by Michael Saylor, announced a major strategic shift on June 29, 2026, moving away from its long-held 'never-sell-Bitcoin' posture. The company authorized up to $1.25 billion in Bitcoin sales as part of a new digital credit capital framework. It also established a U.S. dollar reserve equal to at least 12 months of dividend and interest payments, and authorized $1 billion each in common and preferred stock repurchases. The changes come as Bitcoin trades more than 50% below its peak in a prolonged bear market, and MSTR shares have fallen 43% in the first half of 2026, trading at $93.39 as of July 1, down from an all-time high of $473.83 in November 2024. The company aims to grow Bitcoin per share while managing downside risk and maintaining dividend payments on its STRC perpetual preferred equity product. The article frames the shift as an adaptive response to market conditions, though it notes the strategy is unprecedented and faces market skepticism.
Yahoo FinanceStrategy Announces Major Shake-Up to Bitcoin Plan, Authorizes Bitcoin Sales for First Time
On June 29, 2026, Strategy (NASDAQ: MSTR), a Bitcoin treasury company led by Michael Saylor, announced a major strategic shift. The company established a new digital credit capital framework, including a U.S. dollar reserve equal to at least 12 months of dividend and interest expenses, and authorized $1 billion each in common and preferred stock repurchases. Most notably, Strategy moved from its long-standing 'never-sell-Bitcoin' policy to authorizing the sale of up to $1.25 billion of Bitcoin. This change comes amid a severe crypto bear market, with Bitcoin trading over 50% below its peak and MSTR shares down 43% in the first half of 2026. The company is adapting to survive the downturn while maintaining its goal of growing Bitcoin per share and servicing its STRC perpetual preferred equity product. The move allows the company to engage in accretive capital market transactions, buying or selling as market conditions dictate.
Yahoo FinanceFBI Director Kash Patel's Undisclosed Stock Buy in Bitcoin Giant Strategy Is Down 44%
FBI Director Kash Patel made a previously undisclosed investment of between $100,000 and $250,000 in Strategy (formerly MicroStrategy), a Bitcoin treasury firm, on November 21, 2025, when MSTR stock was around $181. The stock has since collapsed over 44% to $100.55, resulting in losses of $44,000 to $110,000. Patel failed to initially disclose the transaction on a required financial disclosure form signed in early December, amending it in late May 2026, claiming the omission was inadvertent. The investment's decline mirrors a broader crypto market downturn, with Bitcoin falling over 41% from $106,000 to $61,933. Strategy's stock has plummeted over 77% from its summer 2025 peak of $442. Analysts at TD Cowen recently slashed their price target for Strategy from $400 to $260, citing ongoing Bitcoin weakness.
Yahoo FinanceFBI Director Kash Patel's Undisclosed Stock Buy in Bitcoin Giant Strategy Is Down 44%
FBI Director Kash Patel's previously undisclosed investment in Strategy (MSTR), the Bitcoin treasury firm founded by Michael Saylor, has lost 44% of its value. According to new government filings, Patel purchased between $100,000 and $250,000 worth of stock on November 21, 2025, when MSTR traded around $181. The stock has since collapsed to $100.55. Patel failed to initially disclose the transaction, amending a required financial disclosure form in late May 2026, claiming the omission was inadvertent. Under federal law, certain government employees must report securities transactions over $1,000 within 45 days. The loss on Patel's stake is estimated between $44,000 and $110,000. The broader crypto downturn, with Bitcoin falling over 41% in the past year, has heavily impacted Strategy's stock, which has dropped over 77% from its 2025 summer high of $442. Analysts recently cut price targets for Strategy from $400 to $260, citing ongoing Bitcoin weakness.
Yahoo FinanceStrategy Announces Major Revamp to Bitcoin Strategy, Including Bitcoin Sales to Fund Initiatives
Strategy (NASDAQ:MSTR), a Bitcoin-treasury company, has announced a significant revamp to its business model as Bitcoin trades below $59,000 and the stock is down 45% this year. The new framework includes five components: a U.S. dollar reserve policy, a revised preferred stock policy, a digital credit securities repurchase program, a common stock repurchase program, and a Bitcoin monetization program. For the first time, the board has authorized selling Bitcoin from its stockpile, up to $1.25 billion, to fund new initiatives. The company will also repurchase up to $1 billion of preferred stock and $1 billion of common stock. CEO Phong Le stated the company is evolving from one-way capital issuance to active capital management. Strategy currently holds about 3% of all Bitcoin in circulation and has $2.55 billion in U.S. dollar reserves.
Yahoo FinanceStrategy's Stock Falls 44% In June As Bitcoin Crumbles
Strategy (MSTR), the largest corporate holder of Bitcoin, saw its stock plunge 44% in June 2026, its worst monthly performance since 2022, as Bitcoin's price continued to decline. Bitcoin dropped nearly 50% since October 2025 and fell 20% in June alone, trading at $58,400 on June 30. Strategy's stock has fallen 79% over the past 12 months to $84.32 per share, down from a November 2024 all-time high of $540. Investor concerns center on the company's Bitcoin acquisition strategy and dilution risks related to its preferred stock (STRC) and dividend payments. The company recently enacted governance changes allowing it to sell Bitcoin to fund dividends, buybacks, and operations. Strategy owns 720,737 Bitcoin valued at $42 billion, but analysts view its business model as increasingly precarious with Bitcoin's ongoing decline.
Yahoo FinanceStrategy Authorizes $1.25 Billion Bitcoin Sale in New Monetization Plan
Strategy (MSTR), Michael Saylor's corporate Bitcoin treasury firm, disclosed in a June 29 SEC filing that it may sell up to $1.25 billion worth of Bitcoin under a newly announced Bitcoin Monetization Program. This marks a significant shift from the company's long-held 'never sell' accumulation model to active balance-sheet management. The proceeds would cover preferred stock dividends, interest payments, and other corporate obligations, with the company's cash reserve and BTC sale authorization providing approximately 25.9 months of coverage against its $1.76 billion annual preferred dividend and interest burden. The move comes as Strategy's mNAV (market value of Bitcoin holdings vs. enterprise value) fell below 1.0 for the first time, reversing the self-reinforcing flywheel that allowed the company to issue shares at a premium to buy more Bitcoin. Bitcoin is currently trading at $59,150, down -6% on the week, while MSTR stock has fallen -41% over the past month. The board has set a minimum coverage floor of 12 months and authorized two separate $1 billion share repurchase programs.
Yahoo FinanceStrategy Overhauls Bitcoin Model, Supreme Court Rules on Agency Heads, Crypto Markets Mixed
Strategy (formerly MicroStrategy) announced a major strategic pivot, adopting a 'Digital Credit Capital Framework' that allows it to sell up to $1.25 billion in Bitcoin to build cash, fund dividends, and cover interest, formally ending its 'never sell' era. The company also authorized $2 billion in share buybacks and raised its preferred stock dividend to 12%. The market reacted positively, with MSTR stock jumping 13%. Separately, the U.S. Supreme Court ruled that the President can fire SEC and CFTC heads at will. JPMorgan backed the Clarity Act, and ANSEM surged 100% to $160M, igniting the Solana meme market. Crypto majors were mostly flat, with Bitcoin down 1.3% to $58.9k, while HYPE led gainers.
Yahoo FinanceStrategy Shares Jump After Unveiling Framework That Could Allow Bitcoin Sales
Strategy (MicroStrategy) shares surged nearly 12% after announcing a new Digital Credit Capital Framework that authorizes potential sale of up to $1.25 billion in Bitcoin under certain conditions, while reaffirming long-term commitment to Bitcoin as its primary treasury reserve asset. The framework aims to strengthen preferred securities, improve liquidity, and enhance balance sheet flexibility, allowing Bitcoin sales to build U.S. dollar reserves, fund dividends and interest, or finance share repurchases. The company also approved $1 billion share repurchase programs for preferred securities and Class A common stock, and increased the annual dividend rate on STRC preferred stock to 12% starting July 1. Executive Chairman Michael Saylor stated the company remains committed to Bitcoin, and CEO Phong Le emphasized the framework provides greater flexibility for capital management.
Yahoo FinanceStrategy Announces $2 Billion Stock Buyback Program
Strategy (MSTR), the Bitcoin treasury firm led by Michael Saylor, announced a $2 billion stock buyback program to attract investors and boost its share price. The board authorized $1 billion in repurchases of Digital Credit Securities and $1 billion in Class A common stock, with no expiration date. The company also unveiled a new Digital Credit Capital Framework to strengthen its preferred stock (STRC) and preserve long-term Bitcoin exposure. Cash reserves stand at $2.55 billion, sufficient for 17 months of preferred stock dividends. Additionally, a Bitcoin Monetization Program was approved allowing the company to sell Bitcoin when advantageous, with proceeds used for dividends, cash reserves, interest payments, and buybacks. These moves come after MSTR and preferred shares fell sharply over the past month due to dividend sustainability concerns. MSTR stock was up 6% pre-market, while STRC rose 10%. Bitcoin traded at $59,850, near a two-year low.
Yahoo FinanceStrategy Announces $2 Billion Stock Buyback Program
Strategy (NASDAQ: MSTR), a Bitcoin treasury firm led by Chairman Michael Saylor, announced a $2 billion stock buyback program to attract investors and boost its share price. The board authorized $1 billion in repurchases of its Digital Credit Securities and $1 billion in buybacks of Class A common stock, with no expiration date. The company also unveiled a 'Digital Credit Capital Framework' to strengthen its preferred stock (STRC) and a 'Bitcoin Monetization Program' allowing Bitcoin sales to build cash reserves, fund dividends, and finance buybacks. Strategy's cash reserves stand at $2.55 billion, covering 17 months of preferred stock dividends. The announcements come after MSTR stock fell nearly 50% this year amid weakening crypto prices, with Bitcoin trading at $59,850, below the $60,000 support level and near a two-year low. MSTR stock rose 6% in pre-market trading, and STRC stock gained 10%.
Yahoo FinanceStrategy to Potentially Sell $1.25B in Bitcoin Under New Digital Credit Capital Framework
Strategy (formerly MicroStrategy) announced a 'Digital Credit Capital Framework' on June 29, 2026, detailing conditions for selling up to $1.25 billion in Bitcoin to fund cash reserves, pay dividends on preferred stock (STRC), or repurchase securities. The company has rebuilt its USD Reserve to $2.55 billion, enough to cover roughly 18 months of dividends. STRC's dividend was raised 50 basis points to 12% after the stock fell more than 25% from its $100 par value. Strategy may also repurchase up to $1 billion each of preferred and common stock. Bitcoin traded around $59,800 (down 0.5%), while MSTR shares rose 5% in pre-market trading to $86.52. The move aims to strengthen credit quality and address analyst calls for more cash after reserves slimmed to cover only 14 months of costs. Executive Chairman Michael Saylor emphasized the firm remains committed to Bitcoin as its primary treasury reserve asset while implementing disciplined capital management.
Yahoo FinanceMichael Saylor breaks silence as Strategy stock sinks amid Bitcoin sell-off
On June 26, 2026, Bitcoin's sell-off intensified, briefly trading near $58,000, pushing the Crypto Fear & Greed Index to 'Extreme Fear' at 16. Strategy (formerly MicroStrategy) shares fell to $85.33, a 27.5% decline over five days and nearly 47% over the past month, while its STRC perpetual preferred stock dropped to a record low of $73.62, 26% below its par value. The company holds 847,363 BTC worth approximately $50.3 billion, making it highly sensitive to Bitcoin's volatility. Executive Chairman Michael Saylor broke his silence, stating, 'Volatility tests every capital structure. Strategy remains focused on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation.' The broader crypto market saw over $1.1 billion in liquidations in 24 hours.
Yahoo FinanceStrategy's Preferred Stock STRC Hits New Low as Bitcoin Weakness Tests Capital Structure
Strategy's flagship preferred stock, STRC, fell to a new record low of $71.25 on Friday as Bitcoin lingered below $60,000. The dividend-paying product has declined nearly 25% from its engineered trading level, intensifying scrutiny on the company's capital structure. Executive Chairman Michael Saylor acknowledged that 'volatility tests every capital structure' but reaffirmed focus on disciplined capital allocation and long-term value creation. Analysts and market observers have raised concerns about Strategy's cash burn rate, with the company's cash cushion shrinking from $2.25 billion in January. CryptoQuant noted that any additional Bitcoin sales beyond a recent liquidation of 32 BTC could crystallize losses for common shareholders. Strategy holds 847,363 BTC worth approximately $51 billion, but at current prices, that position is roughly $13.1 billion underwater. Nic Carter suggested Strategy may need to hike STRC's dividend for an eighth time to support the product.
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