Strategy confirms selling 3588 BTC for $216 million to pay digital credit securities dividends.

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BlockBeats news, July 6 - Strategy's official account posted that the company has sold 3,588 bitcoins, cashing out $216 million to pay dividends on its digital credit securities. As of July 5, the company's bitcoin reserves have dropped to 843,775, while holding $2.55 billion in dollar reserves.

This is the second publicly disclosed reduction operation by Strategy this year, following the sale of 32 BTC from May 26 to 31 to cover preferred stock dividends, and the scale has significantly expanded, reflecting that amid downward pressure on bitcoin prices and growing unrealized losses on holdings, the company is increasingly relying on selling portions of its bitcoin reserves to meet its dividend obligations.

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