Michael Saylor’s company spent years insisting it would never sell Bitcoin. This week, that went out the window.
Strategy authorized up to $1.25 billion in Bitcoin sales under a new capital framework. At current prices, that’s roughly 21,000 BTC that could hit the market. The money goes toward shareholder dividends, buybacks, and cash reserves. The company also raised its preferred stock dividend from 11.5% to 12%. They already disclosed selling 32 BTC in June — their first-ever Bitcoin sale.
Don’t call it a reversal, though. Strategy still holds 847,363 BTC. They’re just getting more pragmatic about liquidity.
Meanwhile, over 140 financial and crypto companies are backing a new stablecoin called Open USD. Visa, Mastercard, Coinbase, Ripple, OKX, and Bybit are all in. The twist: OUSD lets participants keep the yield from reserve earnings instead of handing it to the issuer. That could pull market share from Tether’s USDT and Circle’s USDC.
Fidelity Digital Assets published a report pushing back against claims that Bitcoin’s security weakens as mining rewards shrink. Their argument? Average daily miner revenue has grown from $1.3 million (2012-2016) to $40.2 million today. Transaction fees and price appreciation should keep things stable.
Crypto companies have poured $189 million into the 2026 US election cycle so far — already beating the $170 million from 2024. Fairshake alone spent over $82 million. The MAGA Inc. Super PAC, heavily backed by Crypto.com, spent $56 million. November’s still four months out.
