Strategy Inc. to Sell Up to $1.25 Billion in Bitcoin

Strategy Inc., the company behind the MSTR ticker, is making a significant shift in its approach to Bitcoin. After years of buying and holding the cryptocurrency at all costs, Strategy now plans to sell up to $1.25 billion worth of Bitcoin.

The move aims to bolster the company's cash reserve, which currently stands at $2.55 billion, fund preferred stock dividends, cover interest payments, and meet other corporate obligations.

This decision comes as a result of Strategy's mNAV dropping below 1 on June 27, indicating that its financing advantage has effectively disappeared.

The company also announced two new share repurchase programs of up to $1 billion each for common stock and preferred Digital Credit Securities.