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Strategy Surges After Board Approves $1.25B Bitcoin Sale Framework

2026-06-29 20:10:57

Abstract generation in progress

Strategy shares climbed as much as 14% on Monday after the board approved a capital framework that authorizes up to $1.25 billion in bitcoin sales. The company also authorized $1 billion in common stock buybacks and $1 billion in preferred security repurchases. Strategy held 847,363 BTC as of June 28. Bitcoin traded near $60,000 Monday afternoon, below Strategy’s average purchase price of $75,651 per coin.

BTC0.61%

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