Strategy (MSTR) Implements New Framework to Navigate Bitcoin Winter

Strategy (MSTR) has enacted a Digital Credit Capital Framework to manage its balance sheet as it navigates a bear market for Bitcoin. Key components include a board-approved USD Reserve policy requiring a 12-month minimum reserve, a revised dividend policy for its STRC preferred security with a rate increase to 12.00%, and authorizations of up to $1.0 billion for common-stock repurchases and Bitcoin monetization. The company sold 3,588 Bitcoin for approximately $216 million between June 29 and July 5, aiming to pay dividends and rebuild cash reserves. This new approach allows Strategy to sell Bitcoin when necessary, potentially stabilizing its capital structure for investors.