Strategy Announces $2 Billion Stock Buyback Program

Strategy (NASDAQ: $MSTR) has announced a new $2 billion U.S. stock buyback program as it looks to attract investors and boost its share price.

The board of directors at the Bitcoin (CRYPTO: $BTC) treasury firm authorized up to $1 billion U.S. in repurchases of Strategy's Digital Credit Securities and $1 billion U.S. in buybacks of the company's Class A common stock.

The share repurchase program has no expiration date.

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The company led by Chairman Michael Saylor also unveiled a new "Digital Credit Capital Framework" that is designed to strengthen Strategy's preferred stock (NASDAQ: $STRC).

The Capital Framework will preserve long-term Bitcoin exposure and give Strategy more balance sheet flexibility, said the company in a statement.

Strategy's preferred stock currently pays a bi-monthly dividend that yields 12%.

The company provided an update on its cas

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/strategy-announces-2-billion-stock-134000267.html)