Strategy announced a new Digital Credit Capital Framework on June 29, 2026, including a board‑approved U.S. dollar reserve policy, a 12% annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), and authorized up to $1 billion in repurchases of Digital Credit Securities and $1 billion in common‑stock buybacks. The company also approved a Bitcoin Monetization Program that permits the sale of bitcoin when deemed advantageous, with proceeds earmarked for reserve building, dividend and interest payments, or share repurchases. The firm, which holds bitcoin as its primary treasury reserve asset, reported a USD reserve of about $2.55 billion, enough to cover roughly 17.4 months of preferred dividend and interest obligations. Executive Chairman Michael Saylor said the framework aims to strengthen the company’s credit profile while maintaining bitcoin as its core treasury holding. CEO Phong Le described the changes as a shift from issuing capital to actively managing the capital structure, subject to market conditions. MSTR shares rose approximately 6% in pre‑market trading, and STRC increased about 9% after the announcement. Bitcoin was trading above $60,000, modestly higher following the news. The repurchase and dividend programs have no fixed expiration and may be modified, suspended or terminated at any time, with execution dependent on market evaluations. The Bitcoin Monetization Program does not obligate the company to sell any bitcoin, and the capital actions remain under review as management assesses their accretive impact.