Strategy’s STRC nears $100 – Will Michael Saylor resume Bitcoin buys?

STRC price has climbed to $99.92 and is close to its $100 peg, raising hopes that it could allow Strategy to renew its Bitcoin [BTC] buys. According to VanEck’s head of digital asset research, Matthew Sigel, a historical pattern suggests the world's largest Bitcoin treasury firm could soon kick off BTC buys again. STRC back to $99.9. Last time it regained par (Jan 6th), the ATM was restarted the next business day to buy Bitcoin. Given relatively low volumes, MSTR buyback (~$950M remaining) may be having an outsized impact at these levels. STRC, one of Strategy’s preferred stocks, crashed to nearly $70 in June amid rising concerns that the firm could be forced to liquidate BTC to fund its active dividend obligations.

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