MicroStrategy to raise STRC preferred dividend to 12% and authorize $1.25 bn Bitcoin sales

MicroStrategy (formerly Strategy) announced a new "Digital Credit Capital Framework" that proposes raising the dividend on its STRC preferred stock to 12% and authorizing up to $1.25 billion in Bitcoin sales. The dividend increase, still subject to shareholder and board approval, would make STRC one of the higher‑yielding preferred instruments in the crypto‑adjacent equity space. The Bitcoin‑sale authorization gives the company explicit permission to liquidate portions of its large Bitcoin treasury, although no sales have been executed yet.

The move links treasury liquidity to shareholder returns, signalling a shift from a rigid accumulation posture to a more flexible, managed‑asset approach. Executive Chairman Michael Saylor, long‑time advocate of corporate Bitcoin holdings, said the framework allows Bitcoin to support short‑term financial needs while remaining the core reserve asset. Analysts note the announcement could influence Bitcoin market sentiment, as investors watch how the company balances dividend funding with potential Bitcoin disposals.

Overall, the proposal reflects MicroStrategy's effort to integrate shareholder economics into its Bitcoin‑heavy balance sheet without abandoning its long‑term conviction in the cryptocurrency.