Crypto 350

07/06 15:33

Strategy executes first Bitcoin sale under new tre

#HTX Invites You to Share 600K USDT in Gift Packs #Post To Earn Bonus #HTX Creation Challenge — Post and Win 1,500U 💥 Strategy executes first Bitcoin sale under new treasury framework to fund dividendsStrategy has sold 3,588 Bitcoin for approximately $216 million, marking the first disclosed use of its newly adopted treasury framework that allows the company to monetize part of its Bitcoin holdings to support its capital structure. The sale comes a week after Strategy introduced its Digital Credit Capital Framework. The framework authorized limited Bitcoin sales to fund cash reserves, preferred dividends, and share repurchases while preserving the company’s long-term Bitcoin exposure. The latest transaction reduced Strategy’s holdings to 843,775 BTC, according to Executive Chairman Michael Saylor. Strategy puts new Bitcoin monetization policy into action In a post on X on Monday, July 6, Saylor said the company sold 3,588 BTC to fund dividends on its Digital Credit securities. Following the transaction, Strategy held 843,775 BTC alongside $2.55 billion in U.S. dollar reserves. The update marks a notable shift from the company’s previous reporting cycle. In its 29 June Form 8-K, Strategy disclosed that it had made no Bitcoin purchases during the week ended 28 June and still held 847,363 BTC. The filing also unveiled a new treasury framework that authorized Bitcoin sales under defined circumstances. That framework allows Strategy to sell Bitcoin to build its USD Reserve, pay preferred stock dividends, and interest expenses. Also, it allows it to fund repurchases of preferred securities and Class A common stock. However, the filing also made clear that the program does not obligate the company to sell Bitcoin and is intended to preserve its long-term exposure to the asset.

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