Strategy just mass announced: $2.55B USD reserve, $1B preferred buyback program, $1B MSTR buyback program, STRC dividend hiked to 12%, and a BTC monetization program authorizing up to $1.25B in bitcoin sales to fund it all. The shift from one-way capital issuance to active capital management is significant. They're now willing to sell bitcoin to buy back their own preferred stock at a discount and repurchase MSTR when it trades below intrinsic value. ~25.9 months of dividend coverage.