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COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA · CRYPTO ·

Strategy opens door to selling billions of bitcoin under new capital plan. Here's what it means

As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The company can now sell bitcoin to fund the USD reserve, support preferred dividends, and finance up to $2 billion in stock buybacks.
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Under a new capital plan, the company has gained authorization to sell billions of bitcoin. This strategic initiative will be utilized to fund its USD reserve, support preferred dividend payments, and finance up to $2 billion in stock buybacks, bolstering its financial position…

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Market Samachar is a news aggregator. This article was originally published by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data. Tap the button above to read the full story on their site.

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