Strategy Sells $216M in Bitcoin as Q2 Digital Asset Loss Hits $8.32B

Strategy revealed on July 6 that it sold 3,588 Bitcoin for about $216 million between June 29 and July 5. The company disclosed an $8.32 billion second-quarter loss on its digital asset holdings. Strategy said the sale proceeds would fund preferred stock distributions and replenish its US dollar reserve. The company still held 843,775 Bitcoin after the sale.
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