Strategy launches a Bitcoin Monetization Program, approves $2 billion in buybacks, raises the STRC dividend to 12%, and strengthens its capital framework.
Strategy has introduced a new Digital Credit Capital Framework to strengthen its financial position and improve capital management. The company also introduced a Bitcoin Monetization Program that enables it to sell Bitcoin when necessary. In addition, Strategy authorized up to $2 billion in share repurchases and raised the annual dividend yield on STRC from 11% to 12%.
Strategy Introduces New Bitcoin Capital Plan
The new framework will allow Strategy to sell some of its Bitcoin holdings to create cash reserves. The proceeds also could be used to pay preferred stock dividends, interest payments and share repurchases, the company said. From now on, Strategy will be more flexible in its balance sheet management.
Strategy announces a Digital Credit Capital Framework designed to strengthen Digital Credit, enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation. $MSTR $STRC https://t.co/AUoUCtem53
— Michael Saylor (@saylor) June 29, 2026
The company’s board also approved up to $1.25 billion in potential Bitcoin sales. The sales will primarily bolster its USD Reserve and will help the firm discharge future financial liabilities, Strategy said. However, the company will sell Bitcoin only when management believes it is more beneficial than issuing new common shares.
Related Reading: MSTR Stock Drops Below Strategy’s Bitcoin Value
In the meantime, Strategy has raised its USD Reserve to around $2.55 billion as of June 28, 2026. This amount includes expected proceeds from shares sold under the company’s at-the-market offering program that had not yet settled.
The company says the USD Reserve is only available for paying preferred stock dividends and interest on existing debt. All other uses of the reserve will be subject to the board of directors’ approval.
Additionally, Strategy will keep at least 12 months of expected preferred dividend payments and interest expenses in its USD Reserve, it confirmed. Thus, any decrease below that level will also be subject to board approval.
Company Expands Buyback Program and Dividend Support
Along with the new capital framework, Strategy approved up to $1 billion in repurchases of its Digital Credit Securities. In addition, the board authorized another $1 billion for buybacks of MSTR Class A common stock. The company said that these share buybacks will not be financed directly from the USD Reserve.
In addition, Strategy increased the rate of its annual dividends on preferred shares of STRC from 11% to 12%. The rise is due to the company’s desire to enhance returns to preferred shareholders and boost investor confidence.
Bitcoin continues to be a key component of the company’s capital strategy, Strategy Chief Financial Officer Andrew Kang said. He said the new program provides greater flexibility by allowing Strategy to use part of its Bitcoin holdings when it offers a better financial outcome than issuing additional equity.
Currently, the company has 846,842 bitcoins in its corporate treasury. The $2.55 billion USD Reserve, in addition to the $1.25 billion Bitcoin monetization capacity approved by the board, equates to around $3.80 billion of total liquidity coverage, Strategy said.
The combined liquidity is approximately 25.9 months based on current annual preferred dividend payments and interest expenses of approximately $1.76 billion. Therefore, Strategy believes it has sufficient financial flexibility to meet future obligations while continuing to manage its Bitcoin treasury.
The new Digital Credit Capital Framework is another significant milestone in Strategy’s long-term Bitcoin strategy. By combining cash reserves, selective Bitcoin sales, higher dividends, and share buybacks, the company aims to strengthen its capital structure while maintaining flexibility during changing market conditions.
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