Strategy (MicroStrategy Incorporated (NASDAQ:MSTR)) shares climbed nearly 12% on Monday after the company unveiled a new capital management framework that authorizes the potential sale of up to $1.25 billion in Bitcoin under certain conditions, while reaffirming its long-term commitment to the cryptocurrency as its primary treasury reserve asset. The new Digital Credit Capital Framework is designed to strengthen the company’s preferred securities, improve liquidity and provide greater flexibility in managing its balance sheet.
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