Company discloses plan to sell bitcoin for stock buybacks

The company disclosed a program to sell bitcoin "from time to time" to fund its U.S. dollar reserve and share repurchases. The announcement marks a reversal from its previous approach of using cash reserves to purchase additional bitcoin.

Background on bitcoin holdings The company has maintained significant bitcoin holdings as part of its treasury strategy in recent years. Market participants have tracked its bitcoin purchases as an indicator of corporate adoption of the digital asset.

Details of the new program Under the disclosed plan, bitcoin sales would occur periodically rather than in a single transaction. Proceeds would support both cash reserves denominated in U.S. dollars and potential share repurchases.

“Strategy can now sell bitcoin to buy back stock — the opposite of what it’s been doing." The disclosure did not specify timing, volume targets, or price thresholds for any sales. MarketWatch reported the change in policy on the same day the company released the details.”