Michael Saylor’s Strategy May Offload $1.25B in Bitcoin as Ran Neuner Predicts P

Strategy 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.

As part of the new framework, Strategy's board approved a Bitcoin monetization program that would allow the company to sell Bitcoin for several purposes:

Generating up to $1.25 billion to fund its US dollar reserve.

Paying preferred stock dividends and interest expenses.

Financing repurchases of preferred securities or common stock.

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.

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Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/michael-saylor-strategy-may-offload-175004530.html)