Q2 Financial Report to be Released Soon, STRC Surges Over 2% Intraday to Hit New High Since July 2nd

BlockBeats News, July 31st, according to BIT (bit.com) market data, the intraday price of US Stock Strategy Perpetual Preferred Stock STRC is now at $89.43, up 2.35%, reaching its highest price since July 2nd.

Strategy will announce its Q2 financial report on July 31st at 5 a.m. (UTC+8). In addition, Strategy has not increased its Bitcoin holdings for the 5th consecutive week.

Recently, Strategy's founder Michael Saylor emphasized that Strategy will not issue new shares when STRC is below $100. The company has repurchased 288,930 shares of STRC preferred stock, with a total transaction amount of approximately $25 million and an average repurchase price of $86.52 per share. Strategy plans to continue as a "regular and disciplined buyer," constantly repurchasing when the STRC price is below $100. When the price is far from $100, they will increase their buying efforts. As the price approaches $100, the repurchase scale will decrease. Currently, Strategy still has approximately $975 million available for preferred stock repurchases. The STRC repurchase funds will not use US dollar reserves but will be raised through means such as MSTR stock and Bitcoin sales based on market conditions, with the goal of stabilizing the STRC price near $100.