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#Strategy拟回购股票涨超12% Strategy Says Goodbye to "Only Buy, Never Sell"! 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 an end to the "only buy, never sell" strategy for the world's largest corporate BTC holder. Key contents include:
① Establishes a $1.25 billion BTC liquidation plan, allowing BTC sales to replenish cash reserves;
② Two $1 billion buyback authorizations, for repurchasing common stock and preferred stock respectively;
③ STRC preferred stock dividend rate raised to 12%;
④ Dollar reserves reach $2.55 billion, covering 17.4 months of dividend and interest expenses.
After mNAV fell below 1x, Strategy was forced to shift from "expansion accumulation" to "liquidity management." MSTR stock soared 12.6% in pre-market trading, and BTC subsequently rebounded back above $60k.
Market impact assessment: Positive (Strategy alleviates market concerns, liquidity management framework boosts market confidence)
Affected coins: BTC (directly benefits), MSTR/STRC (positive for stock prices)
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)