Despite growing criticism and online FUD, Saylor’s brainchild Strategy continues to focus on BTC, but the new move is quite different.
Instead of announcing a new bitcoin purchase, the firm’s former CEO noted on X that the company has launched the Digital Credit Capital Framework to strengthen its digital credit, enhance liquidity, preserve long-term BTC exposure, and support long-term value creation.
DCCF Launched
Saylor’s first message reassured the public that the company has increased its USD reserve to $2.55 billion, which should cover the dividend payments for 17.4 months. The greenback stash can be used only for dividends and interest expense, and “will be maintained at a minimum of 12 months.”
Strategy has also established a BTC Monetization Program, which allows it to sell bitcoin to fund the USD reserve (with a cap of $1.25 billion), dividends and interest expenses, or to repurchase Digital Credit securities and MSTR under the applicable programs. If it indeed sells more bitcoin, then its dividend coverage rises to $3.8 billion – or 25.9 months of such payments.
Strategy has also established repurchase programs for its Digital Credit securities of up to $1 billion of MSTR.
“This will create flexibility to accretively buy back securities during market dislocations. Repurchases will not be funded from the USD reserve,” said Saylor.
In addition, STRC’s dividend rate has been increased by 50 bps to 12%, effective for the July 2026 record date. Saylor said the company will continue to evaluate the rate monthly, as its corporate objective for Stretch remains to trade at $99-$100. Recall that STRC plummeted by 25% under its par value in the past few weeks.
The Growing FUD
Recall that Strategy and particularly its STRC stock have come under a lot of fire in recent weeks. The company sold a tiny portion of its BTC holdings by the end of May, and even though it has accumulated a lot more since, market observers claim that the firm has rattled the industry.
Critics have continuously attacked Saylor and his company, warning that they might have to sell over 50,000 BTC in the next couple of years to cover some expenses or dividend payments.
CryptoQuant analysts suggested that Strategy should halt its BTC purchases in favor of rebuilding its USD reserve. Although the company has not listened entirely to this advice, the last two announcements were more focused on the USD reserve rather than the BTC stockpile.
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