Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters

Strategy is shifting strategies as the Bitcoin behemoth seeks to quell fears over its financial health. On Monday, the company announced that it may sell up to $1.25 billion in Bitcoin to build its cash reserves, cover investor payouts, and fund stock buybacks to avoid issuing more equity.

The new policy is an about-face for Strategy, which has established itself as one of the biggest buyers of the world’s largest cryptocurrency. Michael Saylor, the firm’s executive chairman and a prominent Bitcoin bull, has repeatedly proclaimed that investors should never sell their holdings. “You do not sell your Bitcoin,” he said last October.

But........

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