Crypto
Strategy could sell up to $5 billion worth of bitcoin
Strategy\'s board has approved a capital management plan that could allow the company to sell up to about $5 billion worth of bitcoin. Reports said the proceeds could be used to bolster dollar reserves, cover annual preferred share dividends and interest payments, and repurchase MSTR common stock and DigitalCredit securities. Chairman Michael Saylor said the approval was not a new decision but part of an existing capital framework announced in June.
