Strategy Repurchased About $2.25B in STRC Through Nov. 1

Strategy had repurchased about $2.25 billion of its Stretch perpetual preferred stock (STRC) by Nov. 1, while the company had about $17.51 billion in remaining issuance capacity. The buyback program began in late July. STRC touched $100 intraday Nov. 4, restoring the minimum price condition for additional issuance. TokenPost previously covered the shares’ return to $100 . Strategy raised $5.46 billion by issuing STRC in the second quarter to fund Bitcoin (BTC) purchases. It made no STRC sales through its at-the-market program in the third quarter. The stock’s annualized dividend rate for November was set at 12%.

Source: TokenPost