Wu Blockchain (@WuBlockchain): Strategy says it will continue selling Bitcoin and no longer allocate all new capital to BTC purchases
Estimated coin impact
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- BTC-60Negative
Strategy says it will continue selling Bitcoin and no longer allocate all new capital to BTC purchases Strategy said during its Q2 earnings call that it will continue selling Bitcoin when advantageous to replenish its USD reserve, fund preferred dividends and interest payments, and support share buybacks. Management also said future capital raises will no longer be allocated entirely to Bitcoin purchases, with proceeds dynamically split between BTC and USD reserves based on market conditions. The company added that Bitcoin-backed borrowing is not currently under consideration due to counterparty and margin risks.