Strategy CEO Phong Le shifts Bitcoin policy to math-driven sales, ending 'never sell' stance.

Strategy CEO Phong Le introduced a new 6-point Bitcoin treasury framework that allows selling Bitcoin under specific conditions, replacing the previous 'never sell' policy. The framework uses Bitcoin Per Share (BPS) to guide decisions, aiming to maximize value for shareholders. For example, if the company's stock price falls below its net asset value, it may sell Bitcoin to pay dividends, turning undervalued assets into shareholder returns. This shift signals a more business-focused approach and greater transparency for investors, while Strategy continues its $44 billion capital plan to grow Bitcoin holdings.