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Spot Bitcoin briefly fell below the critical $60,000 support level last week, triggering a wave of retail panic. Yet, shares of Strategy Inc. NASDAQ: MSTR rose over 12.6% intraday on volume exceeding 44.93 million shares.

Strategy CEO Phong Le and another executive bought shares of Strategy's preferred stock after STRC fell to a record low, raising questions about the company's Bitcoin funding vehicle.

Strategy Inc. (NASDAQ:MSTR) shares are trading higher Monday after the company announced a Digital Credit Capital Framework designed to strengthen its preferred securities, enhance liquidity and preserve long-term Bitcoin exposure, a major shift in how the company manages its capital structure.

TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) (“Strategy”) today announced that it has adopted a Digital Credit Capital Framework designed to strengthen the Company's various series of preferred securities (collectively, “Digital Credit Securities”), enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation for shareholders. The…

Michael Saylor's STRC stock has made headlines this week as its implosion gained momentum amid the ongoing crypto market weakness. The Variable Rate Series A Perpetual Stretch Preferred Stock plunged from the par level of $100 to a record low of $72.60.