Skip to navigationSkip to main contentSkip to right columnKurt RobsonMon, June 29, 2026 at 7:50 PM GMT+2 4 min readKey TakeawaysStrategy authorized, but did not commit to, selling up to $1.25 billion of Bitcoin.Crypto Banter's Ran Neuner said the move removes a major overhang for Bitcoin.The announcement follows Grayscale research chief Zach Pandl's call for Strategy to sell Bitcoin.Michael Saylor's Strategy has authorized the potential sale of up to $1.25 billion worth of Bitcoin as part of a broader capital management overhaul.Famed crypto analyst Ran Neuner argued that the move could ultimately strengthen investor confidence and pump Bitcoin's price.The announcement comes as the company unveiled a new Digital Credit Capital Framework to improve liquidity and support its preferred securities.Strategy Authorizes $1.25B Bitcoin MonetizationAs part of the new framework, Strategy's board approved a Bitcoin monetization program that would allow the company to sell Bitcoin for several purposes:The company stressed that the program "does not obligate Strategy to sell any BTC," adding that any monetization would depend on market conditions and liquidity needs."Strategy remains committed to Bitcoin as its primary treasury reserve asset," Executive Chairman Michael Saylor said.Adding: "At the same time, Digital Credit requires liquidity, discipline, and active capital management. This framework is designed to strengthen credit quality and enable the Company to reduce expected preferred stock dividend payments when accretive."Strategy said it currently holds a US dollar reserve of about $2.55 billion, enough to cover approximately 17.4 months of expected preferred stock dividend payments and interest expenses.Including the newly authorized Bitcoin monetization capacity, the company said total liquidity coverage would rise to about 25.9 months.The company also increased the annual dividend rate on its STRC preferred shares to 12% established separate repurchase programs of up to $1 billion each for its preferred securities."Strategy is evolving from one-way capital issuance to active capital management," Chief Executive Phong Le said.Analyst Says Move Removes Key Overhang for BitcoinCrypto Banter founder Ran Neuner said the announcement addresses one of the market's biggest concerns surrounding Strategy by significantly extending its dividend coverage without requiring immediate Bitcoin purchases."They raised $1.15 billion… without buying any Bitcoin," Neuner said on Crypto Banter."He sold MSTR shares… and he raised enough money to pay 17.4 months of dividend coverage."Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info