There is no such release strategy for sales orders like in purchase orders.

But you have a alternative way of handling

same. That functionality is called "Status Profiles"
Status Profile consists of several individual statuses, which can be changed in specific order, each status can be
linked to a particular authorization group, and also it can influence corresponding business transaction. With this
functionality we can restrict access to the document if it is in specific Status.
The most common functionality we use to block creating deliveries or billing documents is the delivery block / billing
block in the sales order line item level. The main disadvantage of this is, all users who has VA02 access can remove
this block at any stage.
But if the business wants only an authorized person to change the delivery block / billing block, we cannot do it.
(Unless you remove access to VA02 from all merchandisers, which is not practical)
To serve the above requirement, we can user status profiles in SAP.
We have to create statuses for each block (delivery and billing) and have to assign relevant authorizations keys to
each status. Based on the business requirement, we have to assign those authorizations keys to relevant user
IDu2019s.
In that case; users who have the relevant authorizations key (assigned to their user id) will only be able to changing
the status in the sales order. (In other words to remove delivery block / billing block)

That's one example I can tell you on how to use this functionality. But you can check it by your self to check whether
your release strategy can be handle via same.

IMG Path: SPRO -> Sales and Distribution -> Sales -> Sales Documents -> Define and Assign Status Profiles /
Define Status profiles

If this satisfy your requirement, please let me know. I will e-mail you the relevant configuration document. (I need you
e-mail address as well)