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#Strategy拟回购股票涨超12% Strategy Bids Farewell to 'Buy and Hold'! Authorizes $1.25B BTC Liquidation Plan, MSTR Stock Surges 12%
On the evening of June 29, Strategy (formerly MicroStrategy) officially launched the "Digital Credit Capital Framework," marking the world's largest corporate BTC holder's departure from its "buy and hold" strategy. Core elements include:
① Establishment of a $1.25B BTC liquidation plan, allowing BTC sales to supplement cash reserves;
② Two $1B share repurchase authorizations, for buying back common stock and preferred stock respectively;
③ STRc preferred stock dividend rate raised to 12%;
④ Dollar reserves reach $2.55B, covering 17.4 months of dividend and interest payments.
After mNAV fell below 1x, Strategy was forced to shift from "expansion and accumulation" to "liquidity management." MSTR stock jumped 12.6% in pre-market trading, with BTC rebounding above $60k.
Market impact assessment: Positive (Strategy alleviates market concerns; liquidity management framework boosts market confidence)
Affected coins: BTC (direct beneficiary), MSTR/STRC (stock price positive)