Saylor's Strategy authorized the sale of up to $5 billion worth of Bitcoin, but this isn’t a standalone, fixed $5 billion sell-off authorization. In the long run, this is a good thing. Having too much $BTC concentrated in one entity isn’t ideal. The more decentralized it is, the better it is for whales and the market alike. At the same time, it’s now harder to liquidate Strategy. One less ticking time bomb for the market. Stability is what the market cares about most. Selling a bit here and there? No big deal, as long as it’s not a massive sell-off. The market can handle that. Here’s the breakdown: Strategy (formerly MicroStrategy) has authorized up to $5 billion in Bitcoin sales under its existing capital framework. The main purposes are: • To replenish USD reserves (around $1.25 billion allocation) • To pay preferred stock dividends and interest • Up to $2 billion for stock buybacks