Strategy Has Exhausted 64% of Its STRC Rescue Fund
Strategy has spent $1.28 billion, or 64% of its $2 billion fund, to repurchase STRC shares over the past 10 weeks. Despite the company's efforts to maintain a $100 share price, STRC has frequently traded below that level. The buybacks, funded primarily through the dilution of MSTR common stock, have accelerated significantly, with $151.7 million spent in the last week alone.
Summaries are written by AI from the original article. Not investment advice.