Strategy has dramatically revised its financial strategy, announcing a set of measures to protect capital and support preferred-stock holders. As part of the new policy, the corporation was allowed to sell Bitcoin for up to $1.25 billion to replenish its dollar reserve. As of the end of June, the cushion had reached $2.55 billion, covering 17.4 months of preferred securities liabilities with a minimum requirement of 12 months. The funds from this reserve will be used exclusively to pay dividends.

To offset the fall in STRC preferred stock prices below $100, Strategy raised its annual dividend rate to 12%. The issuer will review this rate monthly, although he emphasized that holding the face value remains only a long-term goal without strict guarantees. In parallel, the company launched a large-scale buyback program of its own securities totaling $2 billion: by billion on debt instruments (STRC, STRF, STRK, STRD) and ordinary shares MSTR.

Strategy plans to replenish the reserve by placing shares (ATM) and, if necessary, selling Bitcoin. The liquidation of the crypto will be applied if it proves profitable to issue new class A shares or to finance repurchases. Notably, according to SEC reports, from June 22 to 28 the company did not purchase a single coin. These decisions are reminiscent of a recent call from analysts at Grayscale Investments to recommend that Strategy sell $3 billion worth of Bitcoin to restore shaky investor confidence.