By: Matthew Kerr, Quiver Data Analyst
Posted: 9 hours ago / June 29, 2026 12:35 p.m. UTC
Strategy Inc. ($MSTR) announced a new capital management framework that authorizes up to $1.25 billion in Bitcoin sales to strengthen its cash reserve while launching separate repurchase programs of up to $1 billion each for its common stock and preferred securities. The company said it currently holds a USD reserve of approximately $2.55 billion and raised the annual dividend on its STRC preferred shares to 12% as it seeks to support liquidity and long-term Bitcoin exposure.
- Board authorized up to $1.25 billion of Bitcoin monetization primarily to fund and replenish the company’s USD reserve.
- Strategy established separate repurchase authorizations of up to $1 billion each for Class A common stock and Digital Credit Securities.
- USD reserve totals approximately $2.55 billion, covering about 17.4 months of current expected preferred dividends and interest expense.
- Board adopted a policy to maintain at least 12 months of reserve coverage for preferred dividends and interest obligations.
- STRC preferred annual dividend rate was increased to 12.0%, effective for record dates on or after July 1. [oai_citation:0‡strategy-announces-digital-credit-capital-framework_06-29-2026_press-release.pdf](sediment://file_00000000cf90720c987154b46b731af6)
Relevant Companies
- Strategy ($MSTR) – New capital framework expands liquidity management, buyback flexibility, and Bitcoin monetization capacity.
- Coinbase ($COIN) – As a major institutional Bitcoin ecosystem participant, developments affecting Strategy’s Bitcoin acquisition and monetization strategy may influence broader crypto market activity.
- MARA Holdings ($MARA) – Changes to institutional Bitcoin demand and treasury management strategies could affect sentiment toward publicly traded Bitcoin-focused companies.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
Matthew Kerr is a data analyst at Quiver Quantitative, with a focus on single-stock research and government datasets. Prior to joining Quiver, Matthew was an analyst intern at BlackRock.
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