STRC Nearly Hits $100 After Bitcoin Giant Strategy Breaks Buyback Promise
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Strategy’s STRC preferred shares rose close to their $100 par value after the company did not repurchase shares as investors expected under its buyback policy. The episode highlights uncertainty over how reliably Strategy will support STRC’s market price, despite its role in financing the firm’s Bitcoin strategy. For Bitcoin, the immediate effect is indirect, but weakened investor confidence in Strategy’s funding could constrain a major source of future Bitcoin purchases.
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