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Strategy sold approximately $135 million worth of Bitcoin last week, which did not occupy the previously announced $1.25 billion BTC Monetization Program allocation.

WuSaidBlockchainW
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Wu reports that Matthew Sigel, Head of Digital Asset Research at VanEck, said that Strategy’s sale of approximately $135 million worth of Bitcoin last week did not consume the previously announced $1.25 billion BTC Monetization Program quota. According to Strategy’s latest 8-K filing, the program applies only to Bitcoin sales made to finance the USD Reserve; as of July 5, the full $1.25 billion quota remained entirely available. Sigel believes that the Bitcoin sold last week was used to directly pay preferred stock dividends, so it falls outside the scope of the program—meaning Strategy’s actual可 sell amount of Bitcoin may be higher than the $1.25 billion figure commonly understood by the market.
BTC-1.61%
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CheckTheBlockchainBefore
· 9h ago
It turns out that the preferred stock dividends do not follow that plan, the scale of BTC that can be sold on the books has been underestimated, and the market hasn't reacted yet.
View OriginalReply0
MintColdBrew
· 9h ago
Sigel's explanation separates the two sums of money completely cleanly. It is compliant, but it feels like testing the flexibility of regulatory boundaries.
View OriginalReply0
SucculentCross-Section
· 9h ago
This operation is a bit convoluted. The 1.25 billion credit line is untouched, and another channel was opened to pay dividends. Strategy has more ammunition than imagined.
View OriginalReply0

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