Strategy may sell bitcoin: shares rose by 12%

Strategy may sell bitcoin worth up to $1.25 billion to create a liquidity reserve, while simultaneously launching a share buyback. For Michael Saylor’s company, this is a notable shift: previously, it only increased its crypto reserves, but now it is considering selling part of its tokens amid the market downturn.

On Monday, shares of Strategy, the largest public corporate holder of bitcoin, rose more than 12% and climbed to $93.42. The increase was the first after eight consecutive sessions of decline. Two pieces of news triggered the rally: the company approved buyback programs and announced it may sell part of its bitcoin reserves to strengthen its balance sheet.

“Trades Closed From +40% Profit”

“+1,300$/Month in Profit”

“Stable 500$–600$ Withdrawals”

What Strategy Decided

Strategy approved two buyback programs:

• Common shares: up to $1 billion.
• Preferred shares: up to $1 billion.

The company also indicated that it will now be more cautious in issuing common shares, especially if the market values it nearly at the level of its bitcoin holdings.

“We intend to alternate between issuing securities when raising capital looks attractive and buying back securities when our instruments trade at levels where buybacks increase value for shareholders,” said Strategy CEO Phong Le.