STRC Nearly Hits $100 After Bitcoin Giant Strategy Breaks Buyback Promise
Strategy’s STRC preferred stock closed at $99.88 on Monday, its best finish since May, after the bitcoin treasury giant spent roughly seven times more cash buying shares back over two weeks than it spent on BTC. The Promise On July 27, with STRC trading in the $80s, Michael Saylor laid out a simple rule and […]
Strategy's STRC preferred stock closed at $99.88 on Monday, its highest since May, after the company spent roughly seven times more cash on share buybacks over two weeks than on bitcoin purchases. The move breaks a prior commitment from Michael Saylor, who in July said the firm would prioritize BTC acquisitions. Traders may view the shift as a signal of reduced near-term bitcoin demand from a major corporate buyer, though the preferred stock's rally reflects confidence in the company's capital management.
