STRC nears $100 as Strategy discloses $208M share buyback

Strategy spent $208.2 million repurchasing STRC shares between October 26 and November 1, more than three times its Bitcoin spending during that period. Its November 2 filing also disclosed the purchase of 811 BTC for $65.5 million. STRC subsequently traded just nine cents below the company’s $100 target in the chart seen at the time of this writing. The latest purchases extend Strategy’s effort to support its dividend-paying shares while continuing to add Bitcoin. STRC approaches Strategy’s target STRC traded at $99.91 at the time of this writing, up 0.79% from where it closed before. It reached $99.94 during the session. After falling to below its resistance in June, the share price bounced well and repeatedly approached $100 in recent weeks.

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