Strategy Inc. (NASDAQ:MSTR) sold $1.2 billion worth of its own stock last week without buying a single Bitcoin (CRYPTO: BTC), holding steady at 847,363 BTC.
New Capital Plan Raises STRC’s Payout to 12%
Strategy unveiled a Digital Credit Capital Framework Monday, raising the annual dividend rate on its STRC preferred stock to 12%, effective for dividend periods starting July 1.
The company’s USD reserve now stands at roughly $2.55 billion, enough to cover about 17.4 months of preferred dividend and interest obligations.
The board authorized, but didn’t commit to, up to $1 billion in buybacks of Digital Credit Securities and another $1 billion in Class A common stock repurchases.
