Strategy’s (MSTR) STRC shares rebound to par value faster than historical average to enable more BTC buying
CoinDesk
Strategy's preferred shares (STRC) quickly recovered to their $100 par value, allowing the company to issue new shares and buy more Bitcoin.Summary
Strategy's (MSTR) perpetual preferred equity shares, STRC, reclaimed their $100 par value in nine trading days following the ex-dividend date, which is slightly faster than the historical average of about 10 days. This recovery is crucial because when STRC trades near par, Strategy can issue new shares at that price to raise capital, which is then used to acquire more Bitcoin. STRC functions by adjusting its 11.5% annual dividend to manage demand: trimming the dividend if shares trade above $100 and raising it if they fall below. Last week, Strategy bought 1,031 Bitcoin for $76.6 million, bringing its total holdings to 762,099 BTC, acquired at an average price of $75,694 per coin.
(Source：CoinDesk)