In Bitcoin news today, Strategy (MSTR), Michael Saylor\u2019s corporate Bitcoin treasury firm, disclosed in a June 29 SEC filing that it may sell up to $1.25Bn worth of Bitcoin, the most explicit signal yet that the company\u2019s long-held accumulation model is giving way to active balance-sheet management.<\/p>\n
This disclosure dropped as Bitcoin continues to struggle to reclaim $60,000, currently trading for $59,150, down -1% in the past 24 hours and nearly -6% on the week.<\/p>\n
MSTR is trading at $92.68 today, down -41% over the past month, while STRC is at $83.67, up +12% on the day but still down -15.4% since the beginning of June.<\/p>\n\n
Strategy framed the potential sale under a newly announced Bitcoin Monetization Program, with sales to be executed \u201cfrom time to time\u201d depending on market conditions, capital needs, and other strategic considerations, according to the filing.<\/p>\n
The proceeds would flow into the company\u2019s cash reserve, currently sitting at approximately $2.55Bn, and cover preferred stock dividends, interest payments, and other corporate obligations.<\/p>\n
The company\u2019s annual preferred dividend and interest burden runs at roughly $1.76Bn, according to research context from the filing period. Combined, the $2.55Bn cash reserve and the $1.25Bn Bitcoin sale authorization provide approximately 25.9 months of coverage against those obligations.<\/p>\n
The board has set a minimum coverage floor of 12 months; dropping below that threshold requires explicit board approval before any drawdown from reserves. Alongside the Bitcoin sale disclosure, Strategy authorized two separate $1Bn share repurchase programs.<\/p>\n
This includes one for its Class A common stock and one for its Digital Credit Securities, which is the company\u2019s umbrella term for its various series of preferred stock.<\/p>\n\n
(SOURCE: Yahoo Finance<\/a>)<\/p>\n DISCOVER:\u00a0Best Meme Coin ICOs to Invest in 2026<\/a><\/strong><\/p>\n The more structurally significant data point in this story is the collapse of Strategy\u2019s mNAV,\u00a0a valuation metric that compares the company\u2019s enterprise value to the total market value of its Bitcoin holdings. On June 27, Strategy\u2019s mNAV fell below 1.0 for the first time in a meaningful stretch, according to data cited across multiple market trackers.<\/p>\n When mNAV sits above 1, Strategy can issue new shares at a premium to net Bitcoin value, use the proceeds to buy more Bitcoin, and effectively manufacture Bitcoin-per-share accretion, a self-reinforcing mechanism Saylor built the entire capital strategy around.<\/p>\n Below 1, that flywheel reverses: new equity dilutes rather than accrues, debt markets become more expensive to access, and direct Bitcoin monetization moves from a last resort to a rational tool.<\/p>\n This is not the company\u2019s first Bitcoin sale. Strategy sold a small tranche of Bitcoin on June 1<\/a>, a move that drew immediate market attention given the company\u2019s previous \u201cnever sell\u201d reputation. The June 29 filing scales that posture into an authorized program.<\/p>\n EXCLUSIVE: Join 99Bitcoin\u2019s $1000 USDT Airdrop on ByBit<\/span><\/a>\n<\/p>\n “The significance for Bitcoin is that Saylor basically just surrendered. Strategy has gone from the biggest buyer to the biggest seller”<\/p>\n Peter Schiff on why Strategy turning seller flips the entire Bitcoin market<\/p>\n “He can hide and say we’re still a net buyer. He’s not. He’s\u2026 https:\/\/t.co\/uW64ieUZQE<\/a> pic.twitter.com\/hzVP33CkD8<\/a><\/p>\n \u2014 The Wolf Of All Streets (@scottmelker) June 29, 2026<\/a><\/p>\n\n In other Bitcoin news, longtime BTC critic Peter Schiff responded to the June 29 filing by declaring Strategy was \u201cnow a Bitcoin seller\u201d in a post on X. Following the June 1 sale, Schiff had written: \u201cWhat Saylor giveth, Saylor taketh away\u201d.<\/p>\n Schiff argued that Strategy\u2019s aggressive accumulation helped inflate the Bitcoin price during the bull run, and that any sustained selling would reverse that dynamic.<\/p>\n Saylor and CEO Phong Le have framed the shift differently. Le has said Strategy will \u201csell Bitcoin when it is advantageous to the company,\u201d with the choice between dividends, debt reduction, and reserve-building driven by what is most accretive to Bitcoin per share.<\/p>\n The board-level constraints, capping BTC sales to three specific uses and requiring a new board vote for anything outside them, are designed to signal that monetization will be rule-based rather than reactive.<\/p>\n Bitcoin retreated sharply from its late-2025 high of approximately $125,000, falling below $59,000 last week before the modest recovery to current levels.<\/p>\n How long Strategy\u2019s mNAV remains sub-1, and how aggressively the company tests its new monetization playbook, will be the metrics worth watching in the weeks ahead.<\/p>\n EXPLORE:\u00a0Best Crypto Presales With Asymmetric Upside in the Current Market<\/a><\/strong><\/p>\n The post Strategy Authorizes $1.25Bn BTC Sale in New Monetization Plan<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In Bitcoin news today, Strategy (MSTR), Michael Saylor\u2019s corporate Bitcoin treasury firm, disclosed in a June 29 SEC filing that it may sell up to $1.25Bn worth of Bitcoin, the most explicit signal yet that the company\u2019s long-held accumulation model is giving way to active balance-sheet management. This disclosure dropped as Bitcoin continues to struggle […]<\/p>\n","protected":false},"author":0,"featured_media":189872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-189871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/189871"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=189871"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/189871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/189872"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=189871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=189871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=189871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The mNAV Problem: Why the Flywheel Has Stalled<\/h2>\n
Peter Schiff Says the Model Has Inverted<\/h2>\n