Michael Saylor said funding for STRC buybacks would not come from dollar reserves. Instead, the company would raise the money based on market conditions by selling MSTR shares and Bitcoin. He said the objective is to keep STRC trading near the $100 level while maintaining high liquidity, low volatility, and healthy, sustainable standalone demand. The company also said it would not issue STRC at prices below $100. The remarks were reported by ChainCatcher in a brief market update.
According to ChainCatcher, Michael Saylor said funding for STRC buybacks would not come from dollar reserves. Instead, the money would be raised depending on market conditions through sales of MSTR stock and Bitcoin.
He said the goal is to keep STRC trading near the $100 level while maintaining high liquidity, low volatility, and healthy, sustainable standalone demand. The company also said it would not issue STRC below $100.
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