STRC was trading near $94, up more than 30% from its late-June low, according to CoinDesk. The report said Strategy has repurchased $106 million of the preferred stock and kept STRC’s annualized dividend rate at 12%.
CoinDesk also said the company has strengthened dividend coverage by selling bitcoin and building a $4 billion reserve. At the same time, bitcoin has held above $60,000. The move links the preferred stock’s recent rebound with Strategy’s balance-sheet actions and dividend support measures cited in the report.
The update was cited by ChainCatcher in a market analysis brief.
STRC was trading near $94, up more than 30% from its late-June low, according to CoinDesk.
The report said Strategy has repurchased $106 million of the preferred stock and maintained STRC’s annualized dividend rate at 12%.
CoinDesk added that Strategy improved its dividend coverage by selling bitcoin and building a $4 billion reserve. Bitcoin has also remained above $60,000.
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