MSTR Jumps 8% After Strategy Sells Bitcoin To Fund Dividends

Strategy shares rose about 8% Monday after the company disclosed that it sold 3,588 BTC for about $216 million to fund preferred-stock dividends across its digital credit securities.

MSTR recently traded near $100.77, up about 7.9% on the session. Bitcoin traded near $61,600 after reaching an intraday high above $63,800, leaving Strategy’s stock move stronger than the underlying BTC rebound.

The sale covered quarterly dividends on STRF, STRE, STRK and STRD, along with the June monthly dividend on STRC. Strategy ended the period with 843,775 BTC and $2.55 billion in USD reserves.

The transaction was materially larger than Strategy’s first 2026 Bitcoin sale, when it sold 32 BTC for about $2.5 million to fund preferred distributions.

Dividend Funding Avoids Equity Issuance

Strategy did not sell shares through its at-the-market programs during the June 29 to July 5 period and did not repurchase common or preferred stock.

That kept the dividend funding tied to Bitcoin monetization rather than common-stock dilution. The stock reaction suggests traders treated the sale as planned capital management, not a forced unwind of the Bitcoin treasury.

JPMorgan had warned that Strategy’s Bitcoin sales policy introduced two-way flow risk by allowing selective BTC sales for dividends, interest expense, reserve funding and securities repurchases.

Preferred-stock pricing remains central to the trade. STRC has spent much of the recent drawdown below its $100 stated amount, while Strategy raised the STRC regular dividend rate to 12% and moved the security toward semi-monthly payments.

MSTR Reprices Around Treasury Management

MSTR still trades as a leveraged Bitcoin-treasury proxy, but Monday’s move showed investors separating controlled BTC sales from the forced-seller fears that pressured the stock during the recent drawdown.

The preferred-stock complex gives Strategy recurring cash obligations alongside its Bitcoin reserve. That structure keeps dividend coverage, USD reserves and future BTC monetization in focus whenever MSTR trades at a discount or STRC stays below par.

Strategy’s STRC recovery already improved after the company lifted the dividend rate and disclosed reserve coverage, with the preferred stock rebounding toward $88 as Bitcoin stabilized.

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