VanEck Says Strategy Retains Full $1.25B Bitcoin Monetization Capacity After $135M Sale

Strategy’s recent sale of approximately $135 million in Bitcoin did not reduce the company’s previously announced $1.25 billion BTC Monetization Program, according to Matthew Sigel, Head of Digital Assets Research at VanEck.

Sigel said the transaction was used to fund preferred stock dividend payments rather than the company’s USD Reserve, placing it outside the scope of the monetization program. Strategy’s latest Form 8-K filing states that the initiative covers only Bitcoin dispositions intended to support the USD Reserve, while the entire $1.25 billion authorization remained unused as of July 5.

Consequently, Sigel said Strategy’s actual Bitcoin selling capacity could exceed the $1.25 billion limit widely assumed by the market, since sales made for other purposes would not count against the program.

Source: Matthew Sigel