#Strategy拟回购股票涨超12% Strategy Bids Farewell to "Buy and Hold Only"! Authorizes $1.25 Billion BTC Monetization 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 shift away from the "buy and hold only" strategy. Core elements include:
① Establishing a $1.25 billion BTC monetization plan, allowing BTC sales to supplement cash reserves;
② Two $1 billion buyback authorizations, for repurchasing common stock and preferred stock, respectively;
③ STRc preferred stock dividend rate increased to 12%;
④ Dollar reserves reaching $2.55 billion, 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% pre-market, and BTC subsequently rebounded back above $60k.
Market impact assessment: Positive (Strategy alleviates market concerns, liquidity management framework boosts market confidence)
Affected tokens: BTC (direct beneficiary), MSTR/STRC (stock price positive)