Strategy spending $1 billion on STRC buyback feels like a big move to keep the price steady. What happens to their long-term health if it causes dilution?
Using cash reserves for this $1B buyback reduces liquidity available for potential yield-generating opportunities. Does maintaining the preferred stock price near par justify the dilution risk to existing shareholders?
Using cash reserves for buybacks might stabilize STRC near par, but the dilution risk from issuing preferred stock could strain long-term financial health. Does this covenant-heavy structure limit future yield flexibility compared to other corporate actions?
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