CryptoQuant research head Julio Moreno said that Strategy’s newly launched digital credit capital framework improves its dollar reserves from $1.44 billion to $3.0 billion by pausing Bitcoin purchases, selling part of its BTC, and issuing additional MSTR shares, and extends the dividend coverage period from about 14 months to 29 months, easing near-term liquidity pressure. However, he believes Strategy still lacks two clear mechanisms: first, deciding when to resume buying Bitcoin based on valuation and market conditions; second, in the next bull market, reducing leverage, locking in gains, and keeping funds available for low-price repurchases by selling or hedging part of its position in stages. Strategy currently holds 843,775 BTC and has not yet executed preferred share or common share buybacks. (The Block)