Strategy has spent $635 million buying back its perpetual preferred stock, STRC, according to CoinDesk. Despite the growing repurchases, STRC trades at $97.34, about 2.7% below its $100 par value. In contrast, another perpetual preferred stock, SATA, has held its $100 par value. SATA offers a higher dividend rate, which has helped support its price. STRC's buyback program has not yet pushed it back to par. The two securities now trade at different levels relative to their par values. Strategy's spending on STRC repurchases continues, while SATA's dividend advantage stands out as a key difference.
Strategy has spent $635 million buying back its perpetual preferred stock, STRC, which trades at $97.34, below the $100 par value. Repurchases have grown, but the stock still lags. SATA, meanwhile, has held its par value thanks to a higher dividend rate.
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