Strategy has unveiled a Bitcoin Monetization Program that explicitly authorizes 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗕𝗧𝗖 — a first for the largest corporate BTC holder (500K+ BTC). The framework permits BTC sales to fund reserves, dividends, and buybacks, with $𝟮𝗕 authorized across STRC and MSTR repurchases and the STRC dividend raised to 12%. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is a structural shift. Strategy's identity was built on perpetual accumulation — never selling. Formally authorizing a sale program doesn't mean immediate selling, but it establishes the mechanism and signals management's willingness to monetize if conditions warrant. Coming amid record $4.06B monthly ETF outflows and 550K+ BTC flowing to exchange deposits, this adds another layer of supply overhang. The buyback authorization and dividend hike suggest Strategy is prioritizing its capital structure over pure BTC accumulation — a defensive posture. Key risk: if BTC declines toward or below Strategy's average cost basis, the largest corporate holder now has a formal framework to sell into weakness. For BTC, this compounds an already bearish setup — record ETF outflows, BlackRock's $446M transfer to Coinbase Prime, and extreme fear readings. The $60K level is the immediate support to watch; a break below could trigger the very selling this program authorizes. https://www.strategy.com/press/strategy-announces-digital-credit-capital-framework_06-29-2026 Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1056(Hupzy (Spot On Chain))