The monetization program also authorizes Strategy to sell bitcoin to finance up to $1 billion of Digital Credit Securities repurchases and up to $1 billion of Class A common stock buybacks. Any bitcoin monetization beyond these authorized purposes would require additional board approval. The repurchase programs have no expiration date.The monetization program is part of a broader capital allocation strategy that also includes increasing the dividend on Strategy’s preferred stock STRC to 12%, from 11.5%, adopting a formal USD Reserve policy, and requiring sufficient cash reserves to cover at least 12 months of preferred stock dividends and interest obligations.Michael Saylor,…

On 6 June, a play that has been decried as too “toxic” and “problematic” for the age of #MeToo ended an acclaimed, sold-out run at London’s National Theatre. A filmed version of the production also began screening in cinemas across the United Kingdom, the United States, Australia, and other countries from 25 June. The play is Christopher Hampton’s Les Liaisons Dangereuses, the (now-updated) 1985 adaptation of Pierre-Ambroise Choderlos de Laclos’s eponymous 1782 novel.The book has also been denounced plenty of times since it first appeared—back then, it was described with words like “execrable” or “infamous.” Its authorship reportedly got Laclos,…

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