Strategy could sell up to $5 billion in Bitcoin
Strategy’s capital management framework allows the company to monetize up to $5 billion in Bitcoin.
The funds will be used to support $1.25 billion in USD reserves, $1.76 billion in annual preferred dividends and interest payments, and $2 billion in common stock and digital credit security buybacks.
As of July 26, the company held 843,775 BTC acquired at an average cost of $75,476, and has sold about $218.4 million of Bitcoin year to date to fund preferred dividends.