MicroStrategy Sells 704 BTC for $26.9M, Alters Treasury Strategy
STRC•MicroStrategy sold 704 BTC in June for net proceeds of $26.9M, trimming its holdings to approximately 232,392 BTC at an average cost of $32,513 per coin. The company cited rising share volatility and deployed sale proceeds for share repurchases, signaling a strategic shift in treasury asset management.
1. Bitcoin Sale Details
MicroStrategy completed a sale of 704 BTC in June, generating net proceeds of $26.9 million and reducing its total bitcoin stash to about 232,392 BTC. The sale price reflected an average cost basis of $32,513 per coin, marking the first disposal since early 2025.
2. Strategic Implications
Proceeds from the bitcoin sale have been earmarked for a planned share repurchase program to bolster equity value and improve liquidity. Company leadership pointed to recent share price swings and the need for balance sheet flexibility as key drivers behind the decision.
