
Strategy's STRC nears $100 level that could reopen Bitcoin funding channel
- —99.3% of votes cast backed the daily-dividend amendment for STRC, STRF, STRK and STRD
- —STRC closed at $99.92, eight cents below its $100 stated value
- —Strategy has spent about $2 billion repurchasing STRC since July, with $957 million left in the program
- —Strategy held 848,517 BTC in its treasury as of Oct. 25
Why it matters: Restarting STRC issuance would give Strategy fresh capital for Bitcoin purchases, adding to demand for BTC.
Source: CryptoSlate