MicroStrategy Sells $216M in Bitcoin as BTC Rebounds to $64,529
MSTR•MicroStrategy sold 3,588 BTC for $216 million to fund dividend payouts, trimming its corporate Bitcoin treasury to 843,775 BTC. Bitcoin fell to $61,391 then rebounded to $64,529 in under 24 hours as options open interest ran 60% call-heavy and spot ETFs recorded $56.3 million inflows.
1. Large Bitcoin Divestment to Fund Dividends
MicroStrategy executed a strategic sale of 3,588 BTC, realizing $216 million to underwrite its digital credit security dividends. This transaction reduced the company’s Bitcoin reserves to 843,775 BTC, maintaining its position as the world’s largest corporate Bitcoin treasury.
2. Bitcoin Price Recovery
Following the selloff, Bitcoin dipped to $61,391 before staging a swift recovery to $64,529 within 24 hours. The price held firm into the release of the latest Federal Reserve minutes, underscoring resilience after the initial squeeze.
3. Bullish Options and ETF Flows
Options markets skewed 60.15% towards calls versus 39.85% puts, with Deribit’s max pain level near $63,000 for short-term expiries. Concurrently, U.S. spot Bitcoin ETFs posted $56.3 million in inflows on July 6, reversing a ten-day outflow streak and lifting total assets to $72.89 billion.
