Strategy said on June 29 it formally introduced a Digital Credit Capital Framework to support preferred stock credit quality and liquidity, alongside about $2.555 billion in U.S. dollar reserves. The company also raised the STRC dividend to 12% and outlined a reserve plan described as about $3 billion, while Michael Saylor said Strategy has $2.55 billion in reserves, $1.25 billion in Bitcoin liquidity available for reserve building, and total dividend coverage of $3.8 billion, equal to 25.9 months. The board defined three compliant scenarios for Bitcoin sales: raising up to $1.25 billion in cash to supplement reserves, paying preferred dividends and interest when doing so is cheaper than new financing, and supporting a share repurchase program capped at $1 billion. Strategy also said earlier that it made no new Bitcoin purchases this week.