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#Strategy拟回购股票涨超12% Strategy Says Goodbye to "Buy Only, 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 the end of the "buy only, never sell" strategy for the world's largest corporate BTC holder. Core components include:
① Establishing a $1.25B BTC liquidation plan, allowing BTC sales to supplement cash reserves;
② Two $1 billion buyback authorizations, for repurchasing common stock and preferred stock respectively;
③ Raising the dividend rate on STRC preferred stock to 12%;
④ Dollar reserves reaching $1.25B, covering 17.4 months of dividend and interest expenses.
After mNAV fell below 1x, Strategy was forced to shift from "expansion and accumulation" to "liquidity management." MSTR stock surged 12.6% in pre-market trading, and BTC rebounded 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)