Strategy rises after outlining buybacks, reserve plan and possible Bitcoin sales

Strategy-related securities rose after the company detailed a Digital Credit Capital Framework that includes up to $1 billion of Class A common-stock repurchases, up to $1 billion of preferred-security repurchases, a 12% annual STRC dividend effective July 1, and authority to monetize up to $1.25 billion of Bitcoin to build U.S. dollar reserves, meet preferred dividend obligations and service debt. MSTR closed at $92.68, up 12.60%, and STRC closed at $83.67, up 12.20%, while later and premarket trading reports cited continued strength, including SATA above $91 and STRC above $82. Strategy said it held 847,363 BTC as of June 28, acquired for $64.10 billion at an average price of $75,651 per coin, and reported about $2.55 billion in U.S. dollar reserves. The company also set June 30 as the ex-dividend date for a $0.48 per-share STRC payout due July 15.

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