Main takeaway: Vaneck's Matthew Sigel says Strategy's $135M Bitcoin sale last week did not use its $1.25B BTC monetization program. The 8-K shows the $1.25B cap funds only sales to finance the USD reserve, still fully available on July 5. Sigel says last week's BTC was used to pay preferred stock dividends, so it falls outside the program, implying Strategy may be able to sell more Bitcoin than commonly understood.
币界网消息，吴说获悉，Vaneck数字资产研究主管Matthew Sigel表示，Strategy上周出售约1.35亿美元比特币并未占用此前公布的12.5亿美元BTC monetization program额度。根据Strategy最新提交的8-K文件，该计划仅适用于为美元储备（USD reserve）融资而出售比特币，截至7月5日，12.5亿美元额度仍全部可用。Sigel认为，上周出售的比特币用于直接支付优先股股息，因此不属于该计划范围，这意味着Strategy实际可出售的比特币规模可能高于市场普遍理解的12.5亿美元。