May 26: The company confirmed it had used its cash reserve to finance the bond repurchase. The transaction had reduced the fund to $871 million. The buyback reduced that reserve to roughly six months …
Tag:
STRC
In brief Strategy’s preferred stock (STRC) tumbled to an all-time low of $82.53, dragging its common shares down along with it. CoinShares’ James Butterfill said STRC’s weakness likely stems from uncertainty around how Strategy …
- DeFi Market
Michael Saylor’s Strategy (MSTR) moves to pay STRC dividends twice per month
by adminby adminLeading bitcoin treasury company Strategy (MSTR) has filed a proxy that, if approved, would allow for semi-monthly dividends on its STRC “Stretch” series of preferred stock. The move would have no effect on STRC’s …
STRC now accounts for about 90% of MSTR’s daily trading volume, a huge uptick from the 10% from five months ago. Strategy’s STRC perpetual preferred stock recorded $1.1 billion in daily trading volume on …
