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Strategy proposes Bitcoin-based digital capital framework
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2026-09-13 14:15 UTC → 2026-09-14 11:21 UTC ·
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Strategy institutional Bitcoin proposes Bitcoin-based digital capital framework proposal
Strategy has released a revised 21-page Bitcoin ‘Bitcoin Investor Guide aimed at institutional Guide’ designed for professional audiences, such as bankers including bankers, advisers, and capital allocators. The guide proposes document frames Bitcoin as ‘21st-century digital capital’ rather than a speculative asset, proposing a digital capital market framework that positions where Bitcoin serves as a foundational reserve asset capable of supporting structures including asset. This framework supports a six-layer structure comprising digital equity, credit, debt, derivatives, and derivatives. While the initial proposal outlines a six-layer market structure, money-like instruments. Moving away from aggressive price forecasts, the guide also adopts a risk-focused tone. deliberately institutional tone that prioritizes risk management and market mechanics. It emphasizes scarcity mechanics, scarcity, custody governance, and portfolio sizing, sizing while specifically addressing market volatility and historical drawdowns, noting that Bitcoin has previously experienced price drops between 50% and 90%. 90%, including a 93.1% drawdown in 2011. The guide also distinguishes between direct ownership and various exposure methods—such as corporate equities, preferred shares, and bonds—noting that each carries distinct legal rights and counterparty risks. As of early September, September 8, Strategy holds 845,050 BTC with a total acquisition cost of approximately $63.73 billion and an average purchase price of approximately $75,412 per coin. Although While the firm did not make new Bitcoin purchases in the most recent reported week, it increased its allocated $176.3 million toward preferred share buybacks and maintained a $2 billion buyback authorization for digital credit securities to $2 billion. securities.
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- 2026-09-14 11:21 UTC Strategy proposes Bitcoin-based digital capital framework
- 2026-09-13 14:15 UTC Strategy institutional Bitcoin framework proposal
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