Strategy Inc. announced the adoption of a "Digital Credit Capital Framework" designed to strengthen its preferred securities, enhance liquidity, and support its capital structure. The new framework introduces two repurchase programs totaling $2.0 billion, a formal USD reserve policy, a revised dividend policy for its STRC preferred stock, and a program to monetize its Bitcoin holdings for specific purposes.
Key Details
- Repurchase Programs: The company has authorized up to $1.0 billion for repurchasing its preferred stock ("Digital Credit Securities") and an additional $1.0 billion for repurchasing its class A common stock.
- USD Reserve & BTC Monetization: Established a formal policy for its $2.55 billion USD Reserve, which will be used for dividend and interest payments. A new BTC Monetization Program was authorized to fund the reserve, dividends, interest, and the repurchase programs.
- STRC Dividend Increase: The annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) will increase to 12.00%, effective for record dates on or after July 1, 2026.
- Recent Capital Raise: From June 22 to June 28, 2026, the company generated $1.15 billion in net proceeds from at-the-market (ATM) sales of its class A common stock.