Strategy, the company led by Michael Saylor, has adopted a new capital management framework authorizing up to $2 billion in share buybacks and creating a bitcoin monetization program to support liquidity.
Strategy Sells $2.5M Bitcoin — First Sale in Months Strategy (formerly MicroStrategy) disclosed in an 8-K filing that it sold approximately $2.5 million worth of bitcoin between May 26 and May 31, marking the company’s first BTC sale in months. Founder Michael Saylor said the proceeds were used to fund preferred stock distributions and reaffirmed that Strategy aims to make STRC the world’s best credit instrument. Multiple analysts described the sale as “immaterial” to Strategy’s overall bitcoin holdings, though some noted it signals a greater willingness to use BTC to support the capital structure. The timing sparked over $20 million in trading chaos on Polymarket, where bettors disputed whether the on-chain transaction date or the filing disclosure date should determine the outcome of a “will Strategy sell BTC before May 31” contract. ...