According to Strategy's June 28 disclosure, the Tysons Corner, Va.-based company established a $2.55 billion USD Reserve to cover approximately 17.4 months of preferred dividend and interest payments. The reserve can only be used for preferred dividends and debt interest; any other use requires board authorization.
Strategy raised the annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) from 11.5% to 12%, effective July 1, 2026, targeting a trading price of $99–$100. The company also authorized a Bitcoin Monetization Program allowing it to sell bitcoin to build reserves up to $1.25 billion and fund dividends and buybacks, combined giving Strategy approximately 25.9 months of preferred stock dividend coverage.