Strategy’s STRC Still Below $100 More Than Five Months After May 15 Drop

Strategy’s STRC preferred shares remained below their $100 stated amount on Oct. 20, more than five months after a May 15 drop, despite continued repurchases by the company. Strategy repurchased $193.1 million of STRC from Oct. 12–18. The previous week, it spent $192.4 million on STRC repurchases and $21.5 million on Bitcoin (BTC) purchases — about 8.95 times as much on the preferred shares. The company began repurchasing STRC in late July under a preferred stock buyback program.

Source: TokenPost