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Strategy Sells ¥35 Billion Worth of BTC, Triggering Bitcoin Plunge

2026/07/07 06:43 (Updated 2026/07/07 08:01)
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Written by L.Kikutani
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Strategy Sells ¥35 Billion Worth of BTC, Triggering Bitcoin Plunge

Sale of 3,588 BTC

Sale of 3,588 BTC

On June 6, Strategy, a leading Bitcoin treasury company, disclosed in an SEC Form 8-K filing that it sold approximately 3,588 BTC for about $216 million (equivalent to ¥35 billion) from June 29 to July 5. The proceeds from the sale were allocated to dividend payments for the company's issued preferred shares (digital credit securities).

The announcement led to a sharp increase in selling pressure on Bitcoin, resulting in a significant price drop, momentarily...

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.