Strategy Resumes Bitcoin Sales Worth $105M Amid Monetization Drive

Strategy, the Bitcoin treasury firm led by Michael Saylor, has resumed selling its BTC holdings. In the past week alone, the company sold 1,638 BTC worth $105 million. This sale follows a three-week period where Strategy did not buy or sell any Bitcoin, and a two-week period before that when it sold 3,588 BTC for $216 million.

The sales are part of Strategy's new BTC monetization program, designed to bolster its cash reserve and support dividend payments. According to Saylor, the firm has increased its US dollar reserve by $250 million and repurchased $81 million worth of STRC, a perpetual preferred stock that pays 12.00% annual dividends.

Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world's largest corporate holder of BTC. Saylor clarifies that his previous 'never sell' stance referred only to his personal wallet, stating 'When I say 'Never Sell Your Bitcoin,' I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet.'