WSJ Tech News Briefing · Monday, June 29, 2026
Strategy announced a significant financial maneuver today, planning to repurchase up to $1 billion of its preferred shares and $1 billion of its common stock to restore market confidence. The company, led by Michael Saylor, also indicated it might sell Bitcoin valued at up to $1.25 billion to cover dividend payments, debt interest, and fund its repurchase program.
“Strategy announced today it would repurchase up to $1 billion of its preferred shares and up to $1 billion of its class A common stock to stem a loss of confidence.”
“Michael Saylor's crypto hoarding company also said it might sell Bitcoin to raise up to $1.25 billion in cash to help cover dividend payments and interest on outstanding debt, as well as to fund its share repurchase program and cash reserve.”
“A month-long crypto sell-off has hammered shares of Strategy and other crypto treasury companies.”