Strategy spent record cash on STRC buybacks at its worst price yet
Photo: Protos
Michael Saylor’s BTC company Strategy told investors that its STRC share buybacks would “taper” as STRC neared $100 per share. However, instead of tapering, the company spent an all-time record amount of cash last week on buybacks within 0.4% of STRC’s $100 par value. STRC has traded as low as $71.25 this year, but Strategy didn’t buy back any shares that week. It was even too timid to buy back in the $80s and low $90s.
Source: Protos
