Strategy Turns Bitcoin Into a Balance Sheet Tool With a New Capital Plan
Strategy has rolled out a Digital Credit Capital Framework that lets Michael Saylor's company sell up to $1.25 billion in bitcoin to fund dividends and buybacks, rather than simply hold and accumulate. The move, announced as bitcoin hit a 652-day low near $58,000, raised the STRC preferred dividend to 12% and pushed MSTR shares up nearly 7% in premarket trading.