Strategy has burned through 64% of its STRC rescue fund
- —Strategy has used $1.28 billion of its $2 billion STRC buyback fund, with under $724 million left
- —It spent $151.7 million on buybacks last week — six times the pace at the program's start
- —Average repurchase price rose from $86.52 in July to $98.86 last week
- —13.3 million STRC shares repurchased — about one in eight outstanding
Why it matters: The buybacks are funded by diluting MSTR common shareholders, and the fund's rapid depletion raises pressure on Strategy's capital and STRC's price.
Source: Protos