Strategy can now sell bitcoin to buy back stock — the opposite of what it’s been doing

Strategy has disclosed a new capital framework allowing the company to sell Bitcoin from time to time. These proceeds will be used to fund its U.S. dollar reserve and execute share repurchases, reversing its previous strategy. While this move may enhance shareholder value, it risks altering the company's identity as a Bitcoin proxy. This shift in financial operations could potentially impact investor sentiment regarding the firm's role within the cryptocurrency market.