Exchanges· ★★★· neutral·

Strategy Spent 7x More on STRC Buybacks Than on Bitcoin as Preferred Nears $100

  • —Two-week STRC buybacks totaled $368.7 million versus $50.2 million for 584 BTC, a 7-to-1 ratio
  • —STRC closed at $99.88 on Oct. 12, up from a June low of $71.25
  • —Strategy accounted for roughly 30% of STRC trading volume in the week of Oct. 5–9
  • —Remaining preferred repurchase capacity fell from $620.9 million to $354.8 million
Why it matters: STRC nearing $100 par could prompt Strategy to halt buybacks and redirect capital to bitcoin; shareholders vote on daily dividends on Oct. 28.
Source: Bitcoin.com