Saylor Says Strategy Boosts Dollar Reserves to $2.55 Billion, Covering 17.4 Months of Dividends

Strategy, the largest publicly traded corporate holder of Bitcoin, unveiled a digital credit capital framework aimed at increasing cash reserves and reinforcing dividend capacity while preserving its long-term Bitcoin holding strategy.

Chairman Michael Saylor wrote on X on June 29 that Strategy had increased its dollar reserves to $2.55 billion, enough to cover 17.4 months of dividend payments.

Those reserves can be used only to pay dividends and interest expenses, Saylor said. Strategy plans to maintain reserves equal to at least 12 months of such obligations.

Strategy also raised the STRC dividend rate by 0.5 percentage point. The rate will increase to 12.00% from the July 2026 record date. It will be reviewed monthly, and the company aims for STRC to trade at $99 to $100 over the long term.

The company also established separate repurchase programs of up to $1 billion each for its digital credit securities and common stock MSTR. Saylor said the move would give Strategy flexibility to buy back its securities on favorable terms during periods of market disruption. The repurchases will not be funded from the dollar reserves.

Strategy also introduced a Bitcoin monetization program. Under the program, the company may sell Bitcoin holdings if needed to bolster dollar reserves, pay dividends and interest costs, and fund repurchases of its digital credit securities and MSTR. The limit on Bitcoin sales for the purpose of increasing dollar reserves is $1.25 billion.

Combined with the $1.25 billion Bitcoin monetization capacity, the $2.55 billion in dollar reserves gives Strategy total dividend coverage capacity of $3.8 billion, equal to 25.9 months, Saylor said.

He also said Strategy would remain cautious about issuing MSTR, particularly when the stock trades at about 1 times its Bitcoin net asset value.

Strategy said the framework is a capital management system designed to strengthen the stability of its digital credit, improve liquidity and maintain long-term Bitcoin exposure.

Separately, Strategy did not buy additional Bitcoin last week. The company now holds 847,363 BTC, valued at $51.32 billion. Its current valuation loss is reported to exceed $12.9 billion.