Strategy Abandons 'Never Sell Bitcoin' Pledge: Launches Digital Credit Capital Framework, Authorizes $1.25B BTC Sale

Strategy (formerly MicroStrategy) has officially abandoned its 'never sell Bitcoin' mantra, launching a Digital Credit Capital Framework in response to severe financial pressures. The company's preferred stock STRC plunged, causing annual dividend obligations to swell to $1.2 billion, while cash reserves dwindled and legal investigations loom. The framework authorizes the sale of up to $1.25 billion in Bitcoin, establishes a $2.55 billion cash reserve, raises STRC's dividend yield to 12%, and launches $1 billion buyback programs for both preferred and common stock. This marks a dramatic pivot from the company's long-standing Bitcoin accumulation strategy, reflecting the harsh realities of leveraged crypto exposure in a volatile market.