Bitcoin Giant Strategy’s STRC Hits $100 for First Time Since May After Daily Dividend Shift

Strategy’s STRC Returns to $100 After the Regular Session

STRC rose above $100 during regular trading for the first time since May, then closed at $99.98.

Strategy's STRC reclaims $100 par, reopening bitcoin buys

Strategy's STRC reclaimed $100 par for the first time since May, reopening its path to issue new shares and buy more bitcoin as BTC rebounds.

Bitcoin Giant Strategy’s STRC Hits $100 for First Time Since May After Daily Dividend Shift - Invest In Crypto News

Key Takeaways 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 […]

Bitcoin Giant Strategy’s STRC Hits $100 for First Time Since May After Daily Dividend Shift

Strategy’s STRC preferred shares reached the $100 mark on Wednesday for the first time since May, marking a significant milestone for the bitcoin treasury company just days after it began paying daily dividends to shareholders. The stock touched $100...

Strategy's STRC Hits $100 Par For First Time Since May

Strategy’s Stretch preferred stock touched $100 today for the first time since May, returning to the par value the company has spent over $2 billion in buybacks and five months of rate increases to defend. STRC traded below $80 at times in June, a massive discount to its stated value. The climb back to $100 restores the price at which Strategy says it will resume issuing new shares, the mechanism that funds its bitcoin purchases. Chairman Michae…