Why Strategy Sold $216M in Bitcoin: Rebuilding the Reserve Behind STRC's Dividends

Strategy’s Big BTC Sale In the first week of July 2026, the market was surprised when Strategy sold 3,588 BTC, worth roughly $216M. This marked the historic occasion of Strategy voluntarily decreasing their BTC treasury substantially for the first time. In this analysis, we dive into why Strategy was ultimately pressured into this decision, and how their STRC strategy has potentially backfired on them.