Strategy spent record $193.1M on STRC buybacks near $100 par
- —Weekly buyback hit $193.1M at $99.60, the largest to date and 0.4% below par
- —Strategy has spent $1.84 billion since July to retire 18.9 million STRC shares
- —Buyback authorization raised to $3 billion from $2 billion in the SEC filing
- —July guidance promised to taper repurchases as STRC neared $100
Why it matters: Buying back near par with cash from MSTR dilution sharpens criticism of Strategy's capital model and pressures common shareholders.
Source: Protos