Strategy Inc.
(NASDAQ:MSTR) shares jumped more than 6% in early trading Thursday, extending a multi-day rebound from recent 52-week lows as Bitcoin (CRYPTO: BTC) recovered and investors continued to digest the company's new Digital Credit Capital Framework.
Meanwhile, Nasdaq futures rose 0.38% and S&P 500 futures gained 0.28%.
The rally follows Strategy's June 29 unveiling of a new capital management framework, which includes a Board-approved USD Reserve policy, a revised preferred stock dividend structure, $1 billion Digital Credit Securities buyback program, a $1 billion Class A share repurchase plan and a BTC Monetization Program.
Chief Financial Officer Andrew Kang said the framework gives the company greater flexibility to leverage its Bitcoin holdings to support digital credit operations and pursue accretive share repurchases when appropriate.
