Strategy unveiled a new capital framework on June 30 that includes a $2.55 billion reserve and adjustments to its STRC preferred security. The moves aim to address concerns over dividend obligations amid Bitcoin's decline below $60,000.
The company raised the STRC dividend rate to 12 percent from 11.5 percent for record dates after July 1. It also authorized up to $2 billion in combined buybacks and a program allowing BTC monetization to fund reserves or dividends.
MSTR shares rose about 6 percent in pre-market trading after the announcement, while STRC climbed to roughly $81, still below its $100 par value. The framework provides coverage for about 17.4 months of annual preferred obligations totaling $1.76 billion.
Bitcoin traded around $60,000 at the time of the announcement and has faced separate pressure from ETF outflows of 71,600 BTC over the prior month. Strategy holds 847,363 BTC purchased at an aggregate cost of $64.1 billion.
Lacie Zhang, a research analyst at Bitget Wallet, said the reserve rebuild buys time and restores credibility with preferred shareholders.
