Strategy, the software firm led by Michael Saylor, has authorized up to $1.25 billion in Bitcoin sales as part of a new capital framework that will fund shareholder dividends, stock buybacks and expand its cash reserves while maintaining its long‑term Bitcoin holdings.

The move reflects a shift from the company’s previous pledge to hold Bitcoin indefinitely and signals a broader trend of financial discipline across the crypto industry. Strategy’s cash reserve now stands at $2.55 billion, enough to cover roughly 17 months of preferred dividends and interest, and it plans to sell roughly 21,000 BTC at current prices.

Under the “Digital Credit Capital Framework,” the firm raised the annual dividend on STRC preferred stock from 11.5% to 12%, established a formal Bitcoin monetization program and disclosed a sale of 32 BTC in June. At the same time, a coalition of more than 140 financial and crypto companies launched Open USD (OUSD), a dollar‑backed stablecoin that allows businesses to mint tokens without fees or volume limits while retaining earnings from reserve assets, aiming to compete with USDT and USDC. The launch follows the passage of the GENIUS Act, which creates a more favorable regulatory environment for stablecoins, and OUSD plans to roll out later this year in a market exceeding $300 billion.

Fidelity Digital Assets released a research report disputing claims that Bitcoin’s long‑term security will weaken after the halving, noting that daily miner revenue has risen from $1.3 million (2012‑2016) to $40.2 million today and that the network’s economic model extends beyond block subsidies. Crypto firms have contributed roughly $189 million to the 2026 US election cycle, representing about 37% of corporate political spending, with PACs such as Fairshake and MAGA Inc. spending $82 million and $56 million respectively, according to a Public Citizen report. The industry’s political activity is expected to continue as the 2026 midterms approach.

The developments illustrate a transition toward pragmatic capital management and expanded political engagement within the crypto sector, while the long‑term impact on Bitcoin’s price and stablecoin competition remains to be seen.