Strategy plans to use a $1.25 billion Bitcoin monetization program to support a $1 billion preferred stock repurchase.

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Golden Finance reported that on July 10, Strategy raised the STRC annual dividend to 12% on June 29 and authorized a $1 billion buyback plan covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC as the initial buyback target.
Strategy disclosed that the buyback funds will not come from its approximately $2.55 billion reserve, but may come from the $1.25 billion Bitcoin monetization plan approved during the same period. STRC traded in the mid-to-high $80s this week, falling below $85 on some trading days, below Strategy's long-term trading target of $99 to $100. Peter Schiff said that STRC's price below $87 shows Wall Street is questioning the pace of Bitcoin growth.
BTC3.18%
STRC-0.56%
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