Saylor details Strategy's digital credit playbook: STRC issuance above par, buybacks below
- —MSTR is framed as amplified bitcoin exposure plus ownership of the digital credit business
- —STRC is a preferred stock offering dollar yield with reduced price volatility
- —Strategy can issue STRC above par and buy it back below par
- —Daily dividend accrual on the US-listed preferred still requires approval
Why it matters: The framework lets Strategy manage dividend load and grow its bitcoin stack without diluting MSTR, though it does not guarantee STRC's price floor.
Source: PANews