VanEck Executive: Strategy's $135 Million Bitcoin Sale Last Week Did Not Occupy BTC Monetization Program Quota

CoinFeed July 8 news, VanEck Head of Digital Asset Research Matthew Sigel posted on X platform that according to Strategy’s latest 8-K filing, Strategy’s $135 million Bitcoin sale last week did not occupy the $1.25 billion BTC Monetization Program quota. This is because the program only limits sales used to replenish cash reserves; sales directly for dividend payments are not within this limit. Sigel pointed out that this means Strategy’s actual Bitcoin selling capacity exceeds the commonly understood $1.25 billion.