Strategy opens the door to selling bitcoin under new capital plan. Here’s what it means
The company can now sell bitcoin to fund the USD reserve, support preferred dividends, and finance up to $2 billion in stock buybacks.
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Summary
- Strategy’s new bitcoin monetization program allows BTC sales to fund the USD reserve, preferred dividends, interest payments, and up to $2 billion in authorized buybacks for digital credit and common stock.
- The filing does not specify an overall limit on bitcoin sales, instead authorizing BTC monetization for specific purposes. But any monetization beyond the board-approved purposes would require additional board approval.
- MSTR shares are up 3% on the announcement.
