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



Strategy announced the adoption of a bitcoin monetization program (BTC Monetization Program), which allows the company to sell up to $1.25 billion of Bitcoin when needed 🔥

The company explained that the proceeds may be used in:

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

In contrast, the board of directors also approved:

• A $1 billion preferred stock buyback program
• Another $1 billion buyback program for MSTR common stock

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

This indicates that the program gives the company financial flexibility to manage its obligations, and does not necessarily mean that it will immediately start selling its Bitcoin holdings 👀
#SaylorHintsAtMoreBTC
#TradFiCFDGoldMaster
BTC-0.45%
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