Strategy MSTR (formerly known as Microstrategy), the largest corporate holder of Bitcoin, disclosed on Monday that it sold 3,588 Bitcoins for approximately $216 million last week. The sale was part of a newly introduced treasury framework designed to support preferred stock obligations and strengthen its cash reserves. The software company sold 1,363 Bitcoins between June 29 and June 30 for $80.8 million at an average price of $59,256 per Bitcoin. It then sold another 2,225 Bitcoin between July 1 and July 5 for $135.2 million at an average price of $60,773 per Bitcoin, according to an SEC filing. The sales reduce Strategy’s total holdings to 843,775 Bitcoin.
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