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Matthew Sigel: Strategy Sold $135 Million in Unused BTC Monetization Program Allocations Last Week Bitcoin
Svmuu News: Matthew Sigel posted on X, stating that according to Strategy’s latest 8-K filing, Strategy’s $135 million sale of “Bitcoin” last week did not count toward the $1.25 billion limit of the BTC Monetization Program.The program only limits sales used to replenish cash reserves; sales directly used to pay dividends are not subject to this limit. Sigel noted that this means Strategy’s actual capacity to sell under the “Bitcoin” exceeds the $1.25 billion widely understood by the market.
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