Strategy Just Announced a Major Shake-Up to Its Bitcoin Plan. Here's What It Means for MSTR Stock.
Yahoo Finance ·
In November 2024, Strategy ( MSTR +7.88% ) shares reached their all-time high price of $473.83. As of July 1, the Bitcoin ( BTC +0.97% ) treasury company trades at just $93.39 per share. Investors have witnessed the cryptocurrency stock 's precipitous fall. The business continues to navigate the current bear market. It just announced a major shake-up to its strategy. Here's what investors need to know. On June 29, Michael Saylor's Strategy announced a new digital credit capital framework. It set up a board-approved U.S. dollar reserve that must equal at least 12 months of annual dividend payments and interest expenses. The company also authorized $1 billion each of common stock and preferred stock repurchases. The biggest surprise is that Strategy has shifted its posture from a never-sell-Bitcoin attitude to now setting up authorization to sell up to $1.25 billion of the top cryptocurrency.
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