According to BIT (bit.com) market data, during U.S. trading hours, Strategy’s perpetual preferred stock STRC surpassed $94, rising approximately 30% from its June low. Strategy pays dividends in Bitcoin, repurchased $106 million in preferred shares, and increased its U.S. dollar reserves to $4 billion; additionally, Strategy has not added to its Bitcoin holdings for six consecutive weeks. Michael Saylor stated that Strategy will not issue new shares while STRC trades below $100. The company has repurchased 288,930 shares of STRC preferred stock for a total of approximately $25 million, at an average price of $86.52 per share. Strategy plans to continue repurchasing shares while STRC remains below $100, with approximately $975 million still available for preferred stock buybacks. Funding for these repurchases will be sourced through the sale of MSTR shares and Bitcoin, with the goal of stabilizing STRC’s price near $100.
STRC Surpasses $94 Amid Share Buybacks and Reserve Adjustments
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Summary
STRC rose above $94, climbing approximately 30% from its June low amid a wave of buybacks and reserve adjustments. The company sold Bitcoin to fund dividends and repurchased $106 million in preferred shares. Its U.S. dollar reserves now total $4 billion, with no Bitcoin purchases in the past six weeks. Michael Saylor confirmed the firm will avoid issuing new shares if STRC falls below $100 and has already spent $25 million to repurchase 288,930 shares at $86.52. With $975 million remaining in buyback capacity, the company plans to continue repurchasing shares using funds from MSTR and Bitcoin sales. As altcoins to watch gain attention, STRC’s actions reflect broader market positioning amid a shifting Fear & Greed Index.
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