Key points: • 💵 USD reserve now $2.55B (17.4 months of preferred dividend/interest coverage) • 🛡️ Board policy requires minimum 12 months reserve coverage • 🔄 Up to $1B preferred buybacks + $1B MSTR buybacks • ₿ Authorised up to $1.25B of BTC monetisation to build reserves/fund buybacks (while maintaining long-term BTC exposure) • 📈 STRC dividend increased to 12%(Alistair Milne)