Strategy (MSTR) announced that its Board of Directors has authorized a BTC Monetization Program under which the Company may sell BTC from time to time for three primary purposes: to generate up to $1.25B to fund the USD Reserve. to additionally fund preferred stock dividends and interest expense as they become payable, or to replenish the USD Reserve after such payments, when management determines that it is more advantageous than issuing class A common stock or other capital markets transactions. to additionally fund repurchases of Digital Credit Securities or class A common stock, including related taxes, fees, and transaction expenses, under the repurchase programs. Any BTC monetization outside these purposes or in excess of these authorizations would require further Board authorization. The BTC Monetization Program has no fixed expiration date and may be modified, suspended, or terminated at any time. The BTC Monetization Program does not obligate Strategy to sell any BTC, fund any dividend payment or interest expense through BTC sales, or repurchase any securities. Any BTC monetization will be subject to market conditions, liquidity needs, tax and accounting considerations, applicable legal requirements, and management’s assessment of long-term shareholder value. The Company expects to disclose material BTC monetization and other capital markets activity, including related balance sheet metrics, in accordance with its customary Form 8-K disclosure practices and applicable law.