Strategy Inc disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission that it sold 3,588 BTC for roughly $135.2 million. Based on the filing, the average sale price was about $60,773 per BTC. The company said the proceeds were used mainly to pay preferred stock dividends and add to its U.S. dollar reserves.
Two rounds of bitcoin sales were completed within days
The filing shows that Strategy sold 1,363 BTC between June 29 and June 30, 2026, then sold another 2,225 BTC between July 1 and July 5. After those transactions, the company still held 843,775 BTC as of July 5. Its total acquisition cost stood at $63.69 billion, implying an average purchase price of about $75,476 per BTC.
That puts the recent disposals well below the company’s average carrying cost. Using the disclosed figures, the gap was close to $14,700 per coin. In the filing, Strategy described the transactions as bitcoin monetization, framing them as a cash-raising move rather than a shift in its long-term treasury position.
Q2 digital asset losses reached $8.32 billion
Strategy also released key financial figures for the quarter ended June 30, 2026. The company reported total digital asset losses of $8.32 billion in the second quarter, including $8.31 billion in unrealized losses and $900,000 in realized losses. The carrying value of its digital assets fell to $49.67 billion.
Because the cost basis of $63.69 billion remained above fair value, the filing said the company would record a full valuation allowance against its deferred tax assets. At the same time, Strategy reported $2.55 billion in U.S. dollar reserves and said it still had $1.25 billion of bitcoin monetization capacity available. The filing also stated that the company neither issued common stock through its ATM program nor repurchased shares during the reported week.
Finance leadership was adjusted at quarter-end
Alongside the asset disclosures, Strategy reported an executive change. Jeanine Montgomery, the company’s vice president and chief accounting officer, retired on June 30. The board appointed executive vice president and CFO Andrew Kang to also serve as principal accounting officer from the same date.
The 8-K filing makes clear that Strategy has now used direct bitcoin sales as part of its funding toolkit. The amount sold remains small relative to its total holdings, but the combination of bitcoin liquidation, cash reserve building, and preferred dividend payments now appears in the same disclosure.