Strategy (Ex-MicroStrategy) Breaks 'Never Sell' Vow With Plan to Sell Up to $1.25 Billion of Bitcoin
- Strategy unveiled a 'Digital Credit Capital Framework' on June 29 authorizing up to $1.25B of BTC sales to bolster USD reserves, pay preferred dividends and fund buybacks — its first-ever programmed Bitcoin disposals (WSJ, Bloomberg).
- The plan also greenlights up to $1B in repurchases of Digital Credit preferreds and up to $1B of Class A common stock, marking a shift toward active balance-sheet management.
- The company already sold 32 BTC in late May; shares and bitcoin-linked preferreds swung on the announcement as traders reassessed the equity's Bitcoin leverage.