Strategy Introduces Buybacks and Bitcoin Monetization Program
On June 29, 2026, Strategy (MSTR) announced a new capital management framework including $2 billion for buybacks and a bitcoin monetization program to support liquidity, according to CoinDesk. This approach aims to strengthen its preferred securities, preserve bitcoin exposure, and improve financial stability while raising the STRC dividend to 12%.
On June 29, 2026, Strategy (MSTR) unveiled a new Digital Credit Capital Framework that includes up to $2 billion in share buybacks and a bitcoin monetization initiative. The management strategy authorizes $1 billion in buybacks of preferred securities and another $1 billion for its Class A common stock without binding the company to execute these purchases. This decision reflects a shift in capital management, transitioning from issuing capital to actively managing the company's capital structure.
The framework also features the implementation of a U.S. dollar reserve policy, with current reserves standing at around $2.55 billion, sufficient to cover approximately 17.4 months of preferred dividends and interest obligations. In conjunction with this framework, the board approved raising the dividend for the Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) to 12%, which becomes effective for the dividend periods starting July 1, 2026.
The newly established bitcoin monetization program allows Strategy to sell bitcoin at management's discretion to support liquidity needs, including funding dividends and share repurchases. However, the company emphasizes that there is no obligation to sell any bitcoin. Executive Chairman Michael Saylor stated that this framework is designed to enhance the company's credit profile while continuing to recognize bitcoin as the core treasury reserve asset.
The market responded positively to the announcement, with MSTR shares increasing by 6% in pre-market trading and bitcoin prices showing a slight uptick above $60,000. STRC shares also gained 9% following the announcement. CEO Phong Le remarked that this shift represents a more active management approach to the company's capital structure, allowing for flexibility based on market conditions.
Summary based on original reporting by James Van Straten at CoinDesk, originally published Jun 29, 2026. SolanaWire does not republish source content.
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