Strategy Reports No Bitcoin Purchases From June 22 to 28 and Announces Digital Credit Capital Framework

Strategy said it did not buy Bitcoin from June 22 to 28, 2026, and outlined a new “digital credit capital framework” in an 8-K filing with the U.S. Securities and Exchange Commission. According to Foresight News, as of June 28, Strategy held 847,363 Bitcoin with a total cost basis of about $64.1 billion and an average cost of about $75,651. During the same period, the company sold 12.669 million shares of MSTR common stock through its at-the-market (ATM) program, raising net proceeds of about $1.1524 billion. Strategy said the digital credit capital framework includes five elements: a U.S. dollar reserve policy, adjustments to the STRC dividend policy, a preferred stock repurchase plan, a common stock repurchase plan, and a Bitcoin monetization plan. Under the dollar reserve policy, the reserve can only be used to pay preferred stock dividends and debt interest. Management must maintain a reserve sufficient to cover expected dividend and interest expenses for at least the next 12 months. As of June 28, the dollar reserve balance was $2.55 billion. For STRC dividends, Strategy said it will evaluate the dividend rate monthly based on factors including trading price, market yields, credit spreads, Bitcoin price volatility, and other considerations. The company said it will not raise the dividend solely because STRC trades below par value. Strategy also said it increased STRC’s annualized dividend rate to 12.00%, effective starting July 1. On repurchases, Strategy established two $1 billion authorizations: one for repurchasing preferred shares including STRC, STRF, STRD, and STRK, and another for repurchasing Class A common stock. STRC is the primary target under the preferred share repurchase plan. The company said neither repurchase plan will use funds from the dollar reserve. In addition, the board authorized a Bitcoin monetization plan allowing the company to raise up to $1.25 billion by selling Bitcoin to replenish the dollar reserve, pay preferred dividends and interest, or fund the repurchase plans.