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MicroStrategy holds 845,256 BTC worth $63.9 bn, but sold 3,588 BTC for $216 m, pushing Bitcoin to a 21‑month low of $58,131. See the impact on stock and future
MicroStrategy’s bitcoin stash grew to 845,256 coins valued at $63.9 bn, yet the firm sold 3,588 BTC for $216 m, a move that helped push bitcoin to a 21‑month low of $58,131 and sent MSTR shares tumbling more than 9% [1][2].
| At a glance | |
|---|---|
| Bitcoin price | $58,131 (21‑month low) |
| 24h move | –3% after sale announcement |
| MSTR stock move | –9% on Thursday |
| Catalyst | Sale of 3,588 BTC to fund preferred‑stock dividends [2] |
Bitcoin slipped to an intraday low of $58,131 on Thursday, its lowest level since mid‑2025, after shedding more than half its value from the October 2025 peak of $126,000 [1]. The drop coincided with MicroStrategy’s disclosure that it had sold 3,588 BTC for roughly $216 million, using the proceeds to support its Variable Rate Series A Perpetual Stretch Preferred Stock and bolster cash reserves [2]. The sale consumed about 17% of the $1.25 billion sales authorization the company announced the week before [2].
Despite the recent sale, MicroStrategy’s total bitcoin holdings stand at 845,256 coins, priced at an aggregated market value of $63.9 bn, or about $75,680 per token according to a regulatory filing [1]. The firm added 1,550 BTC for $101.3 million on June 8, buying at an average $65,332 per coin [1]. However, its cash reserves have shrunk to $1.4 bn, a fraction of its bitcoin assets, prompting analysts at CryptoQuant and JPMorgan to urge a rebuild of cash reserves to mitigate “rapid unrealized loss growth” and investor concerns over potential bitcoin sales to cover dividend payments [1].
The announcement triggered an immediate market response: bitcoin fell nearly 3% to around $61,700, and MSTR shares opened down roughly 6% before closing over 9% lower, extending a year‑long decline that has erased about 75% of the stock’s value [2]. Preferred‑stock holders now have priority on dividend payouts, meaning each bitcoin sold reduces exposure for common shareholders who bought MSTR for leveraged bitcoin upside [2].
MicroStrategy’s dual role as a major bitcoin holder and a leveraged corporate vehicle adds a layer of complexity to its stock’s risk profile, leaving investors to weigh pure bitcoin exposure against the company’s financing needs and preferred‑stock obligations.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 13, 2026 · How we report
MicroStrategy sold 3,588 Bitcoin, raising about $216 million, which it is using to fund an AI data center project.
The company recorded a $14.46 billion unrealized loss on its Bitcoin holdings and reported a net loss of $38.25 per share.
MicroStrategy’s equity has a beta of 3.55, causing its stock to decline more sharply than Bitcoin, with both falling over 75% and 41.6% respectively over the past year.