STRC Surges 30% From June Low as Strategy Repurchases $106M Preferred Stock

STRC jumps above $94, up 30% from June lows, driven by $106M buybacks and $4B reserve growth, while BTC accumulation pauses for six weeks.

Woofun AI data shows that Strategy perpetual preferred stock STRC climbed past $94 during U.S. trading, marking a roughly 30% gain from its June low. The price movement coincided with the company repurchasing $106 million in preferred shares and raising U.S. dollar reserves to $4 billion, despite a six-week pause in Bitcoin holdings.

Founder Michael Saylor stated that new share issuance will not occur while STRC trades below $100. Strategy has bought back 288,930 shares for approximately $25 million at an average price of $86.52. With about $975 million remaining for buybacks, the company intends to fund these purchases through MSTR stock or Bitcoin sales rather than cash reserves, aiming to stabilize STRC near $100.