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.
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Summary
- 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
