Facing a crisis with STRC preferred stock plummeting, annual dividend obligations soaring to $1.2 billion, cash reserve pressure, and legal investigations, Strategy (formerly MicroStrategy) has unveiled the 'Digital Credit Capital Framework.' The plan authorizes the sale of up to $1.25 billion in Bitcoin, establishes $2.55 billion in cash reserves, raises the STRC dividend yield to 12%, and initiates $1 billion each in preferred and common stock buybacks, marking the end of its long-standing 'never sell Bitcoin' commitment.
Event Overview
Strategy (formerly MicroStrategy) has unveiled its 'Digital Credit Capital Framework' amid a crisis involving the plummeting price of its STRC preferred stock, an annual dividend obligation surging to $1.2 billion, cash reserve pressures, and regulatory investigations. The framework authorizes the sale of up to $1.25 billion in Bitcoin, establishes $2.55 billion in cash reserves, raises the STRC dividend yield to 12%, and initiates $1 billion each in preferred and common stock buybacks. This marks a definitive end to the company's long-standing 'never sell Bitcoin' policy.
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