Strategy Opens Door to Bitcoin Sales Under New Capital Plan While Keeping Long-Term BTC Strategy Intact

Strategy has introduced a new Bitcoin Monetization Program, giving the company the flexibility to sell part of its Bitcoin holdings when needed to strengthen its balance sheet. The move is part of its newly announced Digital Credit Capital Framework, which allows Bitcoin sales for specific financial purposes while maintaining the company’s long-term commitment to the cryptocurrency.

Unlike previous policies focused only on accumulating Bitcoin, the new framework allows management to sell BTC if it is considered more beneficial than issuing new Class A common stock or raising capital through other financing methods.

Bitcoin Sales Could Fund Reserve, Dividends and Buybacks

The board has authorized Strategy to sell up to $1.25 billion worth of Bitcoin to build and replenish its USD Reserve, which is used to pay preferred stock dividends and interest on outstanding debt.

The company may also sell Bitcoin to finance up to $1 billion in Digital Credit Securities repurchases and another $1 billion in Class A common stock buybacks. These repurchase programs have no expiration date, while any Bitcoin sales beyond the approved purposes would require additional board approval.

If Strategy raises the full $1.25 billion through Bitcoin sales, it would need to sell approximately 20,800 BTC, equal to about 2.5% of its 847,363 BTC holdings.

Michael Saylor Reaffirms Long-Term Bitcoin Commitment

Executive Chairman Michael Saylor said the new framework is designed to improve liquidity, strengthen the company’s credit quality and provide greater flexibility in managing preferred stock obligations. He added that Strategy remains committed to maintaining significant long-term Bitcoin exposure while using its capital more efficiently.

Following the announcement, MSTR shares gained around 3%, even as Bitcoin continued trading below $60,000.