Schiff Warns Saylor May Sell Bitcoin to Prop Up STRC Below $95
Peter Schiff warned that Michael Saylor may need to sell more Bitcoin and Strategy shares if the company wants to push its STRC preferred stock back toward its $100 target. STRC has continued trading below $95 despite Strategy using asset-sale proceeds to buy back shares.
Strategy Funds STRC Buybacks
Strategy sold 1,690 Bitcoin for $108.6 million and used the proceeds to repurchase about 1.15 million STRC shares. The company also sold 6.59 million MSTR shares for $653.1 million, with about $650 million added to its dollar reserve, bringing the balan…
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