Strategy's STRC Breaks Through $94, Up 30% From June Low

STRC0.33%
BTC-0.30%
According to BlockBeats, on August 5, Strategy's perpetual preferred stock STRC broke through $94, up approximately 30% from its June low. The recent rally was supported by Strategy's bitcoin sales to pay dividends, $106 million in preferred stock buybacks, and increased dollar reserves to $4 billion. Notably, Strategy has not increased its bitcoin holdings for six consecutive weeks. Strategy founder Michael Saylor stated the company will continue regular buybacks when STRC trades below $100, with increased purchasing power when prices move further from the $100 target.
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