Jun 30, 2026Michael Saylor’s Strategy unveiled a capital framework allowing Bitcoin sales to fund dividends, a $2.55 billion reserve and buybacks while raising STRC payout to 12%.
Strategy is adopting a new capital framework that allows it to monetize part of its Bitcoin holdings to fund dividends, build cash reserves and repurchase securities while maintaining its long-term Bitcoin strategy.
In a Monday 8-K filing with the US Securities and Exchange Commission, Strategy introduced its “Digital Credit Capital Framework,” which includes a Bitcoin monetization program and changes to its STRC preferred stock dividend policy.
The company has raised the STRC annual dividend rate to 12% from 11.5% and authorized separate buyback programs for preferred securities and its Class A MSTR common stock. Strategy said it may sell Bitcoin (BTC) to raise as much as $1.25 billion to increase its cash reserve, pay dividends and debt costs, as well as fund stock buybacks.
The filing comes amid a volatile stretch that has seen the value of MSTR shares slide almost 50% year-to-date while the price of STRC on Friday dropped as low as $71.25, a 28.75% discount to par, according to TradingView data. Grayscale's research head Zach Pandl last week said Strategy should sell $3 billion in Bitcoin to cover its cash obligations.
Ahead of Monday's Nasdaq open, investors had bid up MSTR share price more than 5.5%.
Strategy boosts cash reserve to $2.55 billion
A key part of the new framework is the company's cash reserve, which it said has grown to $2.55 billion, or enough to cover about 17 months of preferred stock dividends and interest payments.
Under the new policy, the reserve can only be used for those payments and must be maintained at a minimum of 12 months unless the board approves otherwise.
No Bitcoin purchases as Strategy raises $1.15 billion
The biggest public Bitcoin treasury company also reported that it did not acquire any BTC during the week ended Sunday, leaving its holdings unchanged at 847,363 BTC purchased for a combined $64.1 billion, at an average of $75,651 apiece. At last look, traders were paying about $60,018 to buy the token.
The company has added a net 3,625 BTC so far in June after buying 3,657 BTC and selling 32 BTC earlier in the month.
View Source>> cointelegraph
Developcoins Marketview
Strategy’s capital framework strengthens its financial position through larger cash reserves, dividend support, and share buyback flexibility, creating a more resilient balance sheet. While the possibility of Bitcoin sales may raise some concerns among long-term holders, DevelopCoins believes Bitcoin’s broader outlook remains constructive. Traders should monitor price action closely, as sustained upside momentum will depend on overall crypto market sentiment and continued buying strength above key resistance levels.