CoinDesk reports:
Strategy disclosed that the board has approved a new “Digital Credit Capital Framework,” permitting the company to sell Bitcoin under specific circumstances to replenish U.S. dollar reserves, pay preferred stock dividends and debt interest, and repurchase certain securities. The company has also increased the annualized dividend rate of STRC to 12%.
Founder and Executive Chairman Michael Saylor stated that the company will continue to hold Bitcoin as its primary treasury reserve asset. However, under the new capital structure, Bitcoin is also being incorporated as a more active liquidity management tool. Following the announcement, MSTR rose as much as 4.94% in pre-market trading to $86.38.
Dollar reserves increased to…