Analyst: STRC recovery to $100 would let Strategy resume Bitcoin buying
- —STRC has rebounded to about $99 after falling to $71 three months ago
- —In April Strategy bought 34,164 BTC, with 86.8% funded via STRC
- —September purchases: 4,603 BTC plus 950 BTC paid in cash
- —Strategy's Bitcoin stash reached 846,000 BTC, reserves at $6.1B
Why it matters: Strategy's ability to resume STRC issuance directly determines the flow of new Bitcoin purchases into the market.
Source: TokenPost