Strategy targets $99–$100 for STRC as buyback cap reaches $3 billion

Strategy has restated its objective for STRC to trade between $99 and $100 over time after disclosing $193.1 million in preferred-share repurchases and a $3 billion buyback authorization. Strategy reiterated its $99–$100 STRC target after repurchasing $193.1 million of the preferred shares. The company raised its preferred-security buyback authorization to $3 billion, leaving $1.16 billion available. STRC carries a 12% annualized dividend rate, while current policy bars new issuance below $100. Strategy spent $385.5 million on STRC repurchases over two weeks, versus $43.6 million on Bitcoin. Strategy said in an Oct. 19 post that its “objective is for $STRC to trade at $99-$100 over time,” alongside a graphic listing the measures it has taken to support the security. Its latest filing covers transactions between Oct. 12 and 18.

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