Strategy Repurchases $635 Million in STRC Perpetual Preferred Shares

Strategy has spent a total of $635.2 million to repurchase its STRC perpetual preferred shares, with the latest transaction involving $151.8 million at an average price of $97.48. Despite the buybacks, STRC remains below its $100 par value at $97.34. The company faces competition from Strive's ASST, which offers a higher 13% annualized dividend paid daily compared to STRC's 12% semi-monthly payout. Additionally, Strategy recently added 4,603 BTC to its holdings at an average price of $80,000, bringing its total Bitcoin reserves to 845,050 BTC, valued at app