Woofun AI reports that Strategy has authorized the sale of up to $1.25 billion in BTC to bolster cash reserves, marking a strategic pivot from pure accumulation to active liquidity management. The company simultaneously established a $2 billion buyback program for discounted preferred and common shares, while increasing the dividend yield on STRC perpetual preferred shares to 12%.

With current cash reserves at $2.55 billion covering approximately 17 months of obligations, the potential BTC proceeds would extend this coverage to roughly 26 months. This adjustment reclassifies BTC as a liquid asset on the balance sheet, ending the previous 'only buying, never selling' policy amid a market cap-to-BTC net value ratio below 1 and an 80% decline in common stock value over the past year.