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Strategy Bitcoin policy unravelsUpdate 13 of 20

Strategy Publishes Bitcoin Floor Return Metric and $54.88 Billion Holdings Dashboard

Unverified — auto-generated summary, not yet reviewedBitcoinJul 25, 2026

Strategy is abandoning its 'never sell' Bitcoin posture, selling BTC to fund dividends and rebuild cash reserves while its preferred stock, share price, and accumulation model face mounting stress.

Strategy published the minimum Bitcoin annual return threshold below which the company may need to restructure, providing a quantified leverage risk floor for institutional observers. The company simultaneously unveiled a $54.88 billion Bitcoin holdings transparency dashboard and overhauled its reporting metrics to include a 'Net Bitcoin Per Share' figure. MicroStrategy separately disclosed that Bitcoin needs only approximately 3.3% annual appreciation to fund dividends indefinitely, per its own calculation.

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