Strategy reforms financing model, may sell more Bitcoin

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Golden Finance reported that on June 29, Strategy announced a comprehensive overhaul of its financing model behind its Bitcoin strategy, granting itself broader authority to sell Bitcoin, repurchase securities, and maintain liquidity, in response to the mounting pressure on the financing structure that has supported its aggressive accumulation strategy for years. The company said it may sell up to $1.25 billion worth of Bitcoin to bolster its cash reserves, and has established two repurchase plans for common and preferred stock, each with a size of up to $1 billion. Strategy also said it will be more cautious when issuing common stock, especially when the stock price is at or near the Bitcoin asset value per share.
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