Strategy’s STRC Hits $100 Par for First Time Since May After Over $2 Billion in Buybacks
Headline from Bitcoin Magazine
Key points
- Strategy's STRC preferred stock reached its $100 par value on Wednesday, marking the first time it has traded at this level since May.
- The price recovery follows more than $2 billion in share buybacks.
- Additional contributing factors include a 12% dividend rate alongside the company's strategic decision to transition to a daily payout schedule.
Summarized automatically by Kryptokite from reporting by Bitcoin Magazine. Read the original sources for full detail.
Coins mentioned
Sources
- Bitcoin MagazineStrategy’s STRC Hits $100 Par for First Time Since May After Over $2 Billion in Buybacks · 16 minutes agoRead on Bitcoin Magazine
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