Strategy adopts Digital Credit Capital Framework, sets USD Reserve floor for preferred dividends and debt interest
MSTR•Capital return authorizations
The capital return strategy adds a USD 1 billion preferred repurchase authorization for STRF, STRC, STRK and STRD; STRE is excluded.
The framework also outlines a USD 1 billion common-stock repurchase authorization, tied to management views on accretion.
Digital Credit Capital Framework and USD Reserve policy
Strategy set a Digital Credit Capital Framework centered on a board-designated USD Reserve to support preferred dividends and debt interest.
The reserve policy targets a minimum equal to 12 months of expected preferred-dividend and debt-interest obligations. The recent level cited was USD 4.65 billion.
The plan includes up to USD 1.25 billion of bitcoin monetization capacity to build or replenish the USD Reserve and fund specified obligations.
