#StrategySTRCReaches$99.95ForFirstTimeIn165Days
📈 Strategy's STRC Is Back Near $100 Par
📊 STRC, Strategy's "Stretch" perpetual preferred, hit $99.95 before the Q3 call, its first time there in 165+ days
📅 Strategy says it aims to keep STRC trading between $99 and $100
💰 It has repurchased $2B of STRC, with $957M of buyback capacity left
🏦 Dollar reserves doubled from $2.5B to $5B
🟠 Holdings: 848,517 BTC
💵 Q3 operating income was $20.91B, all from a $20.91B Bitcoin fair-value gain
What it means for Bitcoin: STRC near par makes it easier for Strategy to raise money through preferred stock, which has funded BTC buys. But its earnings still swing with the BTC price.
Is Strategy's preferred-stock model built to last? 👇
$BTC
#CryptoNews #Strategy #Bitcoin #StrategySTRCReaches$99.95ForFirstTimeIn165Days
📈 Strategy's STRC Is Back Near $100 Par
📊 STRC, Strategy's "Stretch" perpetual preferred, hit $99.95 before the Q3 call, its first time there in 165+ days
📅 Strategy says it aims to keep STRC trading between $99 and $100
💰 It has repurchased $2B of STRC, with $957M of buyback capacity left
🏦 Dollar reserves doubled from $2.5B to $5B
🟠 Holdings: 848,517 BTC
💵 Q3 operating income was $20.91B, all from a $20.91B Bitcoin fair-value gain
What it means for Bitcoin: STRC near par makes it easier for Strategy to raise money through preferred stock, which has funded BTC buys. But its earnings still swing with the BTC price.
Is Strategy's preferred-stock model built to last? 👇
$BTC
#CryptoNews #Strategy #Bitcoin #StrategySTRCReaches$99.95ForFirstTimeIn165Days
