Matthew Siegel, Head of Digital Asset Research at asset management giant VanEck, analyzed in a post on X on the 7th that about $135 million worth of Bitcoin sold last week by Strategy was not accounted for in the company's announced $1.25 billion 'BTC Monetization Program' cap.
According to Mr. Siegel, the cap of the BTC Monetization Program only applies when the sales proceeds are allocated to the U.S. dollar reserves...