- Strategy announced a 'BTC Monetization Program' that permits the company to sell Bitcoin periodically to bolster its U.S. dollar reserves and fund corporate expenses.
- The company authorized up to $2 billion in repurchases, split between $1 billion for Class A common stock and $1 billion for Digital Credit Securities (preferred stock).
- This shift follows a six-year period where Strategy primarily sold equity to accumulate Bitcoin, only breaking its hold strategy with a small sale on June 1.
Quotes
“Strategy disclosed on Monday a bitcoin monetization program that could include selling the cryptocurrency to build up its U.S. dollar reserves, as well as fund repurchases of common stock.”