The board authorized a Bitcoin Monetization Program allowing up to $1.25 billion in sales for approved purposes including cash reserve rebuilding, preferred dividends, and share repurchases — a symbolic shift from Saylor's longstanding refusal to sell. Separate $1 billion authorizations for MSTR common stock and STRC buybacks remain in place.
With Bitcoin trading near $63,000 and Strategy's average acquisition cost approximately $75,476 per coin, the company sits on substantial unrealized losses. Whether the Bitcoin Drive signal translates to another purchase announcement this week will test whether management prioritizes accumulation pace over balance sheet stabilization in the current price environment.
Will Strategy's next move deepen its Bitcoin concentration or signal a sustained shift toward liquidity preservation?
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
