Strategy STRC Hits $100 After $2.25 Billion in Buybacks

Strategy STRC returned to $100 for the first time since May on November 4, restoring an important price threshold for the Bitcoin treasury company’s preferred stock. The recovery follows approximately $2.25 billion in share repurchases since July and brings the security back within the company’s stated conditions for issuing new shares. According to Yahoo Finance intraday data , strategy STRC reached $100 at approximately 12:38 p.m. ET before trading at $99.99 six minutes later. Its previous session at or above this level was May 14. The milestone marks a recovery from the sharp decline that pushed the preferred stock to $71.25 on June 26. The price level matters because Strategy STRC maintains a policy against issuing new STRC shares below their $100 stated amount.

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