2 sourcesTracking since 16 Sept, 17:05
Strategy buys back nearly $1B in preferred stock STRC to stabilize price near par value
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First seen16 Sept, 17:05Strategy buys back nearly $1B in preferred stock STRC to stabilize price near par value
Strategy's buyback stabilizes stock value, but reliance on cash reserves and potential shareholder dilution could impact long-term financial health.
CryptoBriefing•Editorial Team
Latest13h agoSTRC nears $100 after Strategy’s $950.8M buyback
Strategy repurchased 9.96 million STRC shares for $950.8 million as its preferred stock recovered toward its $100 stated amount.
Crypto.news•Olivia Stephanie