Strategy STRC Jumps Above $94 After $106M Buybacks and $4B Cash Reserve Boost

TLDR

• Strategy’s STRC closed above $94 after recovering more than 30% from its June low on continued buybacks.
• The company repurchased $106 million of STRC shares and expanded its U.S. dollar reserve to $4 billion.
• Strategy sold 5,226 BTC for $321 million to support dividends and strengthen liquidity management.
• The $4 billion reserve provides about 2.3 years of coverage for preferred stock dividend obligations.
• STRC continues trading below its $100 par value as Strategy targets further recovery through buybacks and dividends.

Strategy’s STRC preferred stock climbed above $94 after a sharp recovery from June lows, supported by share buybacks, a larger cash reserve, and continued dividend payments.

STRC Extends Recovery as Buybacks Continue

Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) rose above $94, marking its strongest level since mid-June. The preferred stock has recovered more than 30% from its June low after trading below $80 during the recent market weakness.

… Continue reading the full article at the original source below.