Strategy Bought Back $950M in STRC. Why Not Bitcoin?
Strategy has repurchased nearly 9.96 million STRC preferred shares for $950.8 million since July 20.
During the same period, it spent $369.7 million on new Bitcoin purchases.
That’s more than twice as much capital directed toward buybacks than new $BTC .
Here’s the detail that caught my attention: Strategy’s STRC buybacks are designed to support trading near its $100 stated value. But management has explicitly warned that this is not a guaranteed price.
The company now has approximately $1.05 billion in remaining authorized buyback capacity.
My take: The real question isn't whether Strategy can keep buying back STRC. It's whether the security can maintain its position near $100 when those purchases slow down.
That matters because management has linked STRC's recovery toward par with its ability to resume issuing new shares and potentially raise capital for Bitcoin.
The next chapter of Strategy’s Bitcoin strategy may depend on a preferred stock trading near $100.
#bitcoin #BTC #Strategy
Strategy has repurchased nearly 9.96 million STRC preferred shares for $950.8 million since July 20.
During the same period, it spent $369.7 million on new Bitcoin purchases.
That’s more than twice as much capital directed toward buybacks than new $BTC .
Here’s the detail that caught my attention: Strategy’s STRC buybacks are designed to support trading near its $100 stated value. But management has explicitly warned that this is not a guaranteed price.
The company now has approximately $1.05 billion in remaining authorized buyback capacity.
My take: The real question isn't whether Strategy can keep buying back STRC. It's whether the security can maintain its position near $100 when those purchases slow down.
That matters because management has linked STRC's recovery toward par with its ability to resume issuing new shares and potentially raise capital for Bitcoin.
The next chapter of Strategy’s Bitcoin strategy may depend on a preferred stock trading near $100.
#bitcoin #BTC #Strategy
