[VanEck Executive: Strategy's $135 Million Bitcoin Sale Last Week Did Not Use BTC Monetization Program Quota] VanEck's Head of Digital Asset Research, Matthew Sigel, stated on the X platform that according to Strategy's latest 8-K filing, the $135 million Bitcoin sale last week did not use the $1.25 billion BTC Monetization Program quota. This is because the program only restricts sales used to supplement cash reserves, while sales directly used to pay dividends are not subject to this limit. Sigel pointed out that this means Strategy's actual Bitcoin selling capacity exceeds the commonly understood $1.25 billion.