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STRCStrategy Inc 9% Perp Stretch PFD Registered Shs Series A$98.48
24h
+0.17%
10 Aug, 15:13
STRC recovering toward par value
Bullish+3.77%
AI Summary
STRC is recovering toward par value following MicroStrategy's $108.6M share repurchase funded by BTC sales, with MSTR strengthening its cash reserves to $4.65B.
$STRC finding its way back to par after Strategy disclosed repurchasing ~$108.6M of STRC last week (funded by a 1,690 BTC sale).
They also raised $653.1M via MSTR ATM sales, growing the cash reserve to $4.65B to backstop preferred dividends and debt interest. https://x.com/CamKhosravi/status/2086833430923255943/photo/1