Shares of Strategy Inc. climbed 14% at times on Monday to roughly $94, their best single-day gain in weeks, after the bitcoin treasury company unveiled a sweeping capital overhaul.

The move marks a significant shift for the company once synonymous with an unrelenting bitcoin accumulation strategy. Strategy’s board approved a new Digital Credit Capital Framework that authorizes up to $1.25 billion in bitcoin sales to fund a newly created U.S. dollar reserve, cover preferred dividend obligations, and service debt. 

The company also authorized $1 billion in common stock buybacks and $1 billion in repurchases of its preferred securities.

The company raised the dividend rate on…

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