{"id":2901,"date":"2026-07-06T16:46:17","date_gmt":"2026-07-06T16:46:17","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=2901"},"modified":"2026-07-06T16:46:17","modified_gmt":"2026-07-06T16:46:17","slug":"strategy-sheds-216-million-in-bitcoin-in-crypto-hoarders-largest-sale-ever","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=2901","title":{"rendered":"Strategy sheds $216 million in Bitcoin in crypto hoarder\u2019s largest sale ever"},"content":{"rendered":"<div>\n<p>Strategy\u2019s latest sell-off comes after the company announced in late June that it may sell up to $1.25 billion in Bitcoin to build its cash reserves and avoid issuing more equity. In June, the company also sold 32 Bitcoin, or $2.5 million of its crypto treasury. Strategy has previously stated that selling some of its Bitcoin was a way to shore up cash and calm markets.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2899\">Microsoft\u2019s Frontier push aims to turn AI spending into measurable returns<\/a><\/p>\n<p>The sales are an about-face for a company that has staked its business on accumulating, not dumping, Bitcoin. In 2020, Michael Saylor, executive chairman of Strategy (then called MicroStrategy), started buying Bitcoin for his data software company\u2019s balance sheet. The company\u2019s holdings have since grown to roughly $52 billion, which represents about 4% of the total Bitcoin supply, according to the firm\u2019s own data.\u00a0<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>\u201cYou do not sell your Bitcoin,\u201d said Saylor, who has become one of Bitcoin\u2019s biggest boosters, in October.<\/p>\n<p>But Saylor\u2019s Strategy has come under pressure over the past year. On Oct. 10, the crypto market saw more than $19 billion in leveraged positions evaporate in one of the largest liquidation events in the industry\u2019s history. Bitcoin\u2019s price has since dropped more than 43%, and MSTR\u2019s stock has plummeted more than 37%.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2897\">EasyJet\u2019s stock shows Castlelake bid is far from a done deal<\/a><\/p>\n<p>Meanwhile, STRC, a perpetual preferred stock issued by Strategy, has broken its $100 peg. Strategy started issuing the form of equity, nicknamed \u201cStretch,\u201d as a product that promises holders a rich biweekly dividend. Saylor has repeatedly pushed the stock as a stable offering to investors, and his company uses the money raised from selling STRC to finance new buys of Bitcoin or cover interest payouts to its creditors. On Monday, the stock trades at $89.\u00a0<\/p>\n<p>Strategy isn\u2019t the only digital asset hoarder navigating the crypto bear market. Over the past year, a wave of Strategy copycats have stuffed public companies with crypto in a bid to lift their share prices, but that trade has largely lost steam. Solana\u2011hoarder Solmate has shed nearly all its value, leaving backers sitting on steep paper losses, while Cantor Fitzgerald\u2019s BSTR Bitcoin vehicle has raced to keep a SPAC deal afloat amid reduced investor appetite.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2895\">Best high-yield savings accounts for\u00a0July 2026: Over 4% APY\u00a0without a\u00a0fee<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin giant has reversed its crypto-hoarding strategy amid a broader market downturn.<\/p>\n","protected":false},"author":1,"featured_media":2900,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[363],"tags":[],"class_list":["post-2901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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