{"id":7736,"date":"2026-06-29T13:21:03","date_gmt":"2026-06-29T13:21:03","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/06\/29\/strategy-mstr-raises-strc-dividend-authorizes-2b-in-buybacks-and-unlocks-further-bitcoin-sales\/"},"modified":"2026-06-29T13:21:03","modified_gmt":"2026-06-29T13:21:03","slug":"strategy-mstr-raises-strc-dividend-authorizes-2b-in-buybacks-and-unlocks-further-bitcoin-sales","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/06\/29\/strategy-mstr-raises-strc-dividend-authorizes-2b-in-buybacks-and-unlocks-further-bitcoin-sales\/","title":{"rendered":"Strategy (MSTR) Raises STRC Dividend, Authorizes $2B in Buybacks, and Unlocks Further Bitcoin Sales"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Strategy (MSTR) Raises STRC Dividend, Authorizes $2B in Buybacks, and Unlocks Further Bitcoin Sales<\/a><\/p>\n

<\/div>\n

Strategy Inc. (Nasdaq: MSTR), the world\u2019s largest bitcoin treasury company<\/a>, announced a sweeping capital management overhaul earlier today, introducing what it calls a Digital Credit Capital Framework. The announcement sent MSTR shares up 6% in pre-market trading and pushed bitcoin above $60,000.<\/p>\n

The framework has five parts: a board-approved USD reserve policy, a dividend rate increase on one class of preferred stock, a $1 billion buyback program for digital credit securities, a $1 billion buyback program for common stock, and a bitcoin monetization program that authorizes the sale of BTC to fund company obligations.<\/p>\n

Strategy\u2019s bulked up USD Reserve<\/h2>\n

At the center of the framework is a $2.55 billion USD reserve<\/a>, cash and cash equivalents held to cover dividend payments and interest expense on the company\u2019s debt. Strategy carries roughly $1.76 billion in annual preferred dividend and interest obligations, which means the current reserve represents 17.4 months of coverage.<\/p>\n

The board has set a floor: the reserve must stay at a minimum of 12 months of coverage at all times. Any reduction below that threshold requires explicit board authorization. The reserve can only be used for two purposes \u2014 paying preferred stock dividends and servicing interest on debt. Any other use of those funds also requires board approval.<\/p>\n

Beyond the cash reserve, Strategy is counting its bitcoin monetization capacity as part of its liquidity cushion. Combined, the $2.55 billion reserve and $1.25 billion in authorized BTC monetization capacity give the company $3.80 billion in total coverage \u2014 the equivalent of 25.9 months of preferred dividend and interest obligations.<\/p>\n

\n

JUST IN: Michael Saylor’s Strategy announces a new framework to “preserve long-term Bitcoin exposure” with a “BTC monetization program” pic.twitter.com\/d1EGpV4w3b<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) June 29, 2026<\/a>\n<\/p><\/div>\n

STRC dividend increase<\/h2>\n

Strategy raised the dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC<\/a>, by 50 basis points to 12% per year. The increase takes effect for dividend periods with record dates on or after July 1, 2026. A basis point is one one-hundredth of a percentage point, so the increase moves the rate from 11.5% to 12%.<\/p>\n

The company said its target is for STRC to trade between $99 and $100 over time, close to its $100 stated value. STRC has risen 9% on the news. Strategy said it will evaluate the STRC dividend rate on a monthly basis, taking into account trading levels, credit spreads, bitcoin price and volatility, and the overall state of its balance sheet.<\/p>\n

Two buyback programs<\/h2>\n

The board authorized up to $1 billion in repurchases of its Digital Credit Securities \u2014 a category that includes STRC, STRF, STRK, and STRD, four series of preferred stock the company has issued. It also authorized up to $1 billion in buybacks of its Class A common stock.<\/p>\n

Neither program obligates the company to purchase any specific amount of securities, and both can be modified, suspended, or canceled at any time. Repurchases under both programs can be made through open-market purchases, block trades, private negotiations, or tender offers.<\/p>\n

CEO Phong Le framed the buyback programs as a shift in how Strategy operates. \u201cStrategy is evolving from one-way capital issuance to active capital management,\u201d he said<\/a>. \u201cWe intend to move between issuing securities when capital is attractive and repurchasing securities when our instruments trade at levels that make buybacks accretive.\u201d<\/p>\n

Neither buyback program will draw from the USD reserve. If Strategy funds buybacks through bitcoin sales, those sales fall under the BTC Monetization Program.<\/p>\n

The Bitcoin Monetization Program<\/h2>\n

The Bitcoin Monetization Program authorizes Strategy to sell BTC for three specific purposes: to build or replenish the USD reserve (up to $1.25 billion), to fund preferred dividends and interest payments when management judges BTC sales more favorable than issuing new stock, and to fund buybacks of preferred or common stock.<\/p>\n

Any sale outside those three purposes requires a new board vote. The program does not obligate the company to sell any bitcoin.<\/p>\n

CFO Andrew Kang said the program gives Strategy a tool to use part of its bitcoin reserve without abandoning its core thesis. \u201cBitcoin is capital,\u201d Kang said. \u201cThis program gives Strategy the flexibility to use a portion of its BTC Reserve to strengthen Digital Credit, fund dividend payments and interest expense, and fund accretive repurchases when BTC monetization is more favorable than issuing common equity.\u201d<\/p>\n

Founder and Executive Chairman Michael Saylor<\/a> said bitcoin remains the company\u2019s primary treasury asset. \u201cDigital Credit requires liquidity, discipline, and active capital management,\u201d he said<\/a>. \u201cThis framework is designed to strengthen credit quality and enable the Company to reduce expected preferred stock dividend payments when accretive.\u201d<\/p>\n

This post Strategy (MSTR) Raises STRC Dividend, Authorizes $2B in Buybacks, and Unlocks Further Bitcoin Sales<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strategy (MSTR) Raises STRC Dividend, Authorizes $2B in Buybacks, and Unlocks Further Bitcoin Sales Strategy Inc. (Nasdaq: MSTR), the world\u2019s largest bitcoin treasury company, announced a sweeping capital management overhaul earlier today, introducing what it calls a Digital Credit Capital Framework. The announcement sent MSTR shares up 6% in pre-market trading and pushed […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7736","post","type-post","status-publish","format-standard","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7736"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7736\/revisions"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}