Strategy Sells 3,588 Bitcoin (BTC) for $216M in First Major Sale

Bitcoin News

Strategy has sold 3,588 Bitcoin (BTC), generating $216 million to fund dividends on its digital credit securities, in what the company confirms is its first large-scale disposal. As of July 6, the firm still held 843,775 BTC alongside $2.55 billion in cash, according to the company's own disclosure. The proceeds cover second-quarter dividends on STRF, STRE, STRK and STRD plus June's STRC payment. Michael Saylor framed the sale through his BTC Breakeven ARR metric, arguing that if Bitcoin compounds above 3.3% annually, capital gains can sustain STRC dividends indefinitely — and that even at 0% growth the treasury holds 31 years of funding. The batch equals roughly 0.4% of holdings.

Corporate demand stayed firm despite the divestment: public companies added a net 7,314 BTC in June, worth about $427 million at the month's close. Firms bought roughly 8,992 BTC and sold 1,678, according to treasury-tracking data. Strategy led with a net 3,625 BTC, followed closely by Strive at 3,364 — together 6,989 BTC, or about 78% of June purchases, each committing near $200 million. Miners including MARA Holdings, CleanSpark and Canaan also accumulated. Grayscale's research head Zach Pandl said Strategy's sale, while initially adding volatility, ultimately improves long-term resilience by distributing supply away from leveraged balance sheets. Listed companies added an estimated 110,000 BTC across the second quarter.

On the policy front, SEC Chair Paul Atkins outlined a 2026 regulatory agenda aimed at bringing crypto activity onshore, with clear rules for crypto-asset offerings, custody, and how tokenized securities trade on-chain. The agenda lists at least three proposed rules covering crypto-asset issuance, broker-dealer financial-responsibility and record-keeping revisions, and market-structure amendments. Regulators may publish a draft as soon as this month for public consultation, establishing a safe-harbor framework granting broad exemptions for tokenized securities and certain on-chain finance so participants avoid triggering enforcement. The push signals a more accommodative U.S. stance toward the altcoin and Bitcoin markets after years of contested oversight.

In Europe, roughly 70% of Binance's regional users are moving withdrawn funds to self-custody wallets after the exchange suspended parts of its EU service, CEO Richard Teng said. Only about 30% migrated to other MiCA-compliant platforms. Net outflows reached approximately $1.23 billion in the week ending June 29, with monthly net outflows near $1.6 billion, though the platform still manages around $114 billion in assets. Binance halted trading for French and other EU users from July 1 after failing to secure a MiCA license in time; its roughly two million French customers can now only withdraw. Teng warned the shift undercuts MiCA's own consumer-protection goals.

Traditional finance advanced its own tokenization push as Swift confirmed its blockchain-based shared ledger is ready for initial use, enabling 24/7 cross-border payments through tokenized deposits. Seventeen banks across six continents — including ANZ, BNP Paribas, BNY, Citi, DBS, HSBC, Standard Chartered, UBS and Wells Fargo — are preparing to pilot real-time transactions. Swift said the shared ledger offers a secure orchestration layer for bank-issued tokenized deposits, settling through existing systems to lift global liquidity efficiency. JPMorgan cautioned that finance's drift toward permissioned rails, rather than Strategy's selling, poses the deeper structural risk to public chains and their stablecoin ecosystems.

In Japan, Metaplanet, Metaplanet Securities, JPYC and Progmat announced on July 10 a joint study of digital-credit products built on Bitcoin, stablecoins and security tokens. The consortium is exploring corporate bonds and broader credit instruments using BTC as backing or credit enhancement, testing on-chain interest payments, 24/7 settlement and daily interest accrual — features Japan's bond market has struggled to deliver. The initiative sits within Metaplanet's long-term Project NOVA, which aims to convert Bitcoin from a passive reserve into collateral and a value-preservation base asset. Metaplanet is also folding securities capabilities into its group following its Siiibo Securities acquisition. Terms, yields and timing remain undecided.

Reading our own order flow, COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $63,906 support at a maximum 100/100, driven by the confluence of the Fibonacci 0.114 retracement, a high-volume node and the Bollinger Band middle, while $64,928 resistance scores 94/100 on R1, the Bollinger and Donchian upper bands. With spot at $64,265 (+0.56%), price sits pinned between them. Derivatives show a mildly positive 0.0037% funding rate, $12.6 billion open interest and a 1.41 long/short ratio (58.5% long), yet the Fear & Greed Index reads 26 (Fear). A reclaim of $64,928 opens $66,695; a break below $63,906 invalidates the bounce and exposes $58,938.