Strategy Says It May Sell Up to $1.25 Billion of Bitcoin
Bloomberg 2026-06-29 12:19:44
Context: Michael Saylor's company, Strategy Inc., has announced plans to potentially sell a significant portion of its Bitcoin holdings. The move is aimed at bolstering the company's cash reserve. This development comes as Strategy Inc. also establishes two repurchase programs for its common and preferred shares.
Key Facts
- Strategy Inc. said it may sell up to $1.25 billion of Bitcoin to bolster its cash reserve.
- The company established two repurchase programs of up to $1 billion each for common and preferred shares.
- Michael Saylor is the head of Strategy Inc., which has been involved in significant Bitcoin transactions.
- The potential sale of Bitcoin and establishment of share repurchase programs are aimed at managing the company's financial resources.