Strategy’s $100 STRC comeback could turn a cash drain into fresh Bitcoin buying power

CryptoSlate

·

Original Report

↗ CryptoSlate

Strategy's STRC preferred stock briefly returned to $100 on Nov. 4, potentially restoring a funding channel for Bitcoin purchases after months of cash-consuming share buybacks. The company announced on Nov. 4 that its STRC security had reached $100, prompting executive chairman Michael Saylor to declare: “We're ₿ack.” The recovery followed about $2 billion in share… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox