Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend

Markets Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity. By James Van Straten | Edited by Stephen Alpher Jun 29, 2026, 12:13 p.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show Strategy adopted a new Digital Credit Capital Framework, including a board approved USD reserve policy and a higher 12% dividend for its STRC preferred shares. The board authorized up to $1 billion of preferred security buybacks and $1 billion of common stock repurchases, though neither program obligates the company to make purchases. Strategy also approved a bitcoin monetization program, allowing future BTC sales to build reserves, fund dividends and interest payments Strategy (MSTR) unveiled a new Digital Credit Capital Framework on Monday, introducing a series of capital management initiatives designed to strengthen its preferred securities, preserve long term bitcoin exposure, and improve balance sheet flexibility. The company has already adopted a board approved U.S. dollar reserve policy and increased the annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) to 12%, effective for dividend periods beginning July 1. Strategy said its U.S. dollar reserve currently stands at approximately $2.55 billion, enough to cover about 17.4 months of preferred dividend and interest obligations. The board also authorized, but did not commit to, up to $1 billion in repurchases of its Digital Credit Securities and up to $1 billion in buybacks of its Class A common stock. The programs have no fixed expiration date and may be modified, suspended, or terminated at any time. Actual repurchases will depend on market conditions and management's assessment that they are accretive. In addition, Strategy approved a Bitcoin Monetization Program, allowing the company to sell BTC when management determines it is advantageous. Proceeds may be used to build or replenish the company's USD reserve, fund preferred dividends and interest payments, or finance share repurchases. The company emphasized that the program does not obligate it to sell any bitcoin. Executive Chairman Michael Saylor said the framework is intended to strengthen Strategy's credit profile while maintaining bitcoin as its primary treasury reserve asset. CEO Phong Le described the move as a shift from primarily issuing capital to actively managing the company's capital structure through both issuance and repurchases, depending on market conditions. MSTR shares are up 6% pre-market and bitcoin is above $60,000 on the announcement. STRC is higher by 9%, and bitcoin has risen modestly to $60,500. Bitcoin News Breaking News Latest Crypto News 1 Vitalik Buterin says crypto’s most powerful idea is still nowhere near ready 21 minutes ago 2 Dollar, U.S. Treasury yield market positions may carry glimmer of hope for bitcoin 31 minutes ago 3 FundBank becomes IRACE Digital in bid to bridge traditional finance and crypto 43 minutes ago 4 Bitcoin hovers below $60,000 as crypto braces for a pivotal week 1 hour ago 5 Europe’s unlicensed crypto firms face ‘wipeout’ as MiCA deadline hits 2 hours ago 6 Bitcoin falls into a technical no man’s land as major support levels sit miles away 2 hours ago 7 New MiCA regime in Europe, U.S. jobs report for June: Crypto Week Ahead 3 hours ago 8 BIS warns stablecoins are more like ETFs than actual money, and they're creating FX risk 3 hours ago 9 Crypto exchange BitMEX loses CEO, CFO and head of growth 5 hours ago 10 South Korea’s $518 billion AI chip push shows crypto is still losing the capital race 5 hours ago Latest Research The Evolution of the Crypto CEX Landscape: A Case Study on Binance The Evolution of the Crypto CEX Landscape: A Case Study on Binance Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services. By CoinDesk Research 1 hour ago Commissioned by Binance Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services. Why it matters : Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services. View Full Report More From Markets Bitcoin hovers below $60,000 as crypto braces for a pivotal week Bitcoin falls into a technical no man’s land as major support levels sit miles away New MiCA regime in Europe, U.S. jobs report for June: Crypto Week Ahead