Strategy’s STRC nears $100 – Will Michael Saylor resume Bitcoin buys?
Photo: AMBCrypto
STRC price has climbed to $99.92 and is close to its $100 peg, raising hopes that it could allow Strategy to renew its Bitcoin [BTC] buys. According to VanEck’s head of digital asset research, Matthew Sigel, a historical pattern suggests the world's largest Bitcoin treasury firm could soon kick off BTC buys again. STRC back to $99.9. Last time it regained par (Jan 6th), the ATM was restarted the next business day to buy Bitcoin. Given relatively low volumes, MSTR buyback (~$950M remaining) may be having an outsized impact at these levels.
Source: AMBCrypto
