Strategy’s STRC rebounds 30% as company builds cash reserve, bitcoin price stabilizes
Bitcoin sales, what is now a $4 billion cash reserve, and a $975 million repurchase program, have supported STRC’s recovery.
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Summary
- STRC is trading near $94 after climbing more than 30% from its late-June low, while Strategy has already repurchased $106 million of the preferred stock.
- Strategy has strengthened its dividend coverage through bitcoin sales and a $4 billion US dollar reserve, while maintaining STRC’s annualized dividend rate at 12%.
- Also not hurting, the price of bitcoin has stabilized above $60,000.
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Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
