Strategy’s Buybacks and Higher STRC Dividend Ease Near-Term Liquidity, Galaxy Research Says

Strategy’s recent capital restructuring has reduced near-term liquidity pressure, but the company still faces longer-term refinancing risks tied to upcoming debt maturities. According to NS3.AI, Galaxy Research head Alex Thorn said the moves helped ease short-term liquidity concerns. Strategy announced two $1 billion share buyback authorizations and increased the STRC dividend rate to 12% from 11.5%. Thorn said these steps improved the company’s near-term financial flexibility. However, Thorn noted that structural risks remain over the longer term because roughly $6.7 billion in Strategy’s convertible bonds are set to mature during 2027-2028.