They rose by 13.4%, from $73.8 to $83.7. The company's chairman, Michael Saylor, stated that their goal is to return their value to $99–100. Simultaneously, they increased dividends by 50 basis points to 12%. Instead of purchasing BTC, Strategy redirected the $1.15 billion raised from the sale of shares into reserves. The $2.55 billion in reserves will be sufficient to cover nearly two years of interest payments on STRC. In addition, Strategy authorized the buyback of its securities up to $1 billion, including STRC, STRF, STRD, and STRK. STRC is expected to be the priority investment. The company also approved a separate authorization to repurchase its common stock, MSTR, for $1 billion.
News Institutional
Shares of STRC from Strategy rebounded following a $1 billion buyback plan.
They rose by 13.4%, from $73.8 to $83.7. The company's chairman, Michael Saylor, stated that their goal is to return their value to $99–100. Simultaneously, they increased dividends by 50 basis points...