Moving away from its long-standing "Bitcoin only" accumulation playbook, the company is actively utilizing its new capital management strategy to defend its balance sheet, manage high-yielding preferred stock obligations, and stockpile cash. On that date, Strategy Inc. introduced its "Digital Credit Capital Framework," which marked a formal shift from purely holding Bitcoin to active capital management. Repurchase Authorizations: Approved up to $1.0 billion to buy back Digital Credit Securities (its preferred stock) and another $1.0 billion to buy back Class A common stock. For a company that built its modern identity on relentlessly buying Bitcoin, utilizing its BTC Monetization Program is a significant event. Historically, Strategy has utilized its at-the-market (ATM) equity offerings to raise capital for immediate Bitcoin purchases.