Strategy plans to support a $1 billion preferred stock buyback through a $1.25 billion bitcoin monetization plan.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to Odaily, on June 29, Strategy increased the annualized dividend of STRC to 12% and authorized a $1 billion buyback program covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC as the initial priority repurchase target. Strategy disclosed that the buyback funds will not come from its approximately $2.55 billion in USD reserves but may come from a $1.25 billion Bitcoin monetization plan approved at the same time. This week, STRC traded in the mid-to-high $80 range, with some trading days falling below $85, lower than Strategy’s long-term price target of $99 to $100. Peter Schiff stated that STRC’s price below $87 indicates that Wall Street doubts the growth rate of Bitcoin. (Bitcoin.com News).
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Update: Equities Drop Intraday, Yields Rise as Traders Parse Macro Data
MT newswire•2026/09/29 18:25

BUZZ-Coastal Financial expects a rebound after Monday's sell-off
路透社•2026/09/29 18:22

Forex Today: Focus shifts to US PCE, ADP, inflation in OZ and Chinese PMIs
FXStreet•2026/09/29 18:15
BUZZ - SoundThinking shares surge 50% on privatization deal
路透社•2026/09/29 18:06
Crypto prices
MoreBitcoin
BTC
$83,452.16
-0.53%
Ethereum
ETH
$2,686.44
-0.20%
Tether USDt
USDT
$0.9996
-0.00%
BNB
BNB
$754.77
-1.98%
XRP
XRP
$1.49
-1.18%
USDC
USDC
$1.0000
+0.00%
Solana
SOL
$118.66
-0.97%
TRON
TRX
$0.3349
-0.30%
Zcash
ZEC
$1,413.86
-7.22%
Hyperliquid
HYPE
$86.06
-2.93%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now