‏🚨 Strategy adopts a program that may allow selling up to $1.25 billion in Bitcoin 👀



Strategy announced the adoption of a Bitcoin Monetization Program, which allows the company to sell up to $1.25 billion worth of Bitcoin as needed 🔥

The company stated that the proceeds may be used for:

• Funding its $2.55 billion cash reserve 💰
• Paying preferred stock dividends

In return, the board also approved:

• A $1 billion preferred stock buyback program
• Another $1 billion program to repurchase common MSTR shares

Despite this announcement, Michael Saylor affirmed that:
"Strategy remains committed to Bitcoin as the primary reserve asset of the company's treasury."

This indicates that the program provides the company with financial flexibility to manage its obligations, and does not necessarily mean that immediate sales of its Bitcoin holdings will begin 👀

#TradFiCFDGoldMaster
#SaylorHintsAtMoreBTC
BTC-1.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned