Woofun AI reports that Strategy implemented a "Digital Credit Capital Framework" to address liquidity pressures on its STRC preferred shares. The plan includes a $1 billion preferred stock buyback, a $1 billion MSTR common stock buyback, and an increase in the STRC annualized dividend rate from 11.5% to 12%.

Galaxy Research Head Alex Thorn noted that these measures extend Strategy's cash coverage cycle to approximately 17 months.

However, the company still faces roughly $6.7 billion in convertible bond maturities between 2027 and 2028. While the restructuring shifts Strategy toward proactive asset-liability management, it primarily buys time rather than resolving underlying structural risks regarding dollar liquidity sufficiency.