According to a report by Investors.com, Strategy's board has authorized the company to sell up to approximately $5 billion worth of Bitcoin under its capital management plan. Of this, up to $1.25 billion will be used to supplement USD reserves, around $1.76 billion will go toward paying annual preferred stock dividends and interest, and up to $2 billion may be allocated for repurchasing MSTR stock and digital credit securities. So far this year, Strategy has sold about $218.4 million worth of Bitcoin to partially cover preferred stock dividends. As of July 26, the company holds 843,775 Bitcoins, acquired at a total cost of approximately $6.369 billion, with an average purchase price of $75,476 per Bitcoin. Strategy reported a net loss of $8.22 billion in Q2, primarily due to an unrealized loss of $8.32 billion caused by the decline in Bitcoin prices. https://(wublock123.com)/news/strategy-approved-to-sell-up-to-50b-bitcoin-65716