Strategy’s STRC preferred shares hit $100 on Wednesday for the first time since May, following months of share buybacks and a recent shift to daily dividends.
STRC offers a 12% annualized dividend yield, with daily accruals beginning Nov. 1 following shareholder approval.
Trading above $100 allows Strategy to potentially issue additional STRC shares to raise funds for bitcoin purchases, reversing months of buybacks aimed at supporting the stock’s price.
$STRC
STRC offers a 12% annualized dividend yield, with daily accruals beginning Nov. 1 following shareholder approval.
Trading above $100 allows Strategy to potentially issue additional STRC shares to raise funds for bitcoin purchases, reversing months of buybacks aimed at supporting the stock’s price.
$STRC
