Strategy Poised to Resume BTC Accumulation? STRC Surges Above $94, Up Around 30% from June Low

BlockBeats News, August 5th, according to BIT (bit.com) market data, during the U.S. stock market session, the Strategy perpetual preferred stock STRC surged above $94, up approximately 30% from its June low. The recent increase was boosted by Strategy selling Bitcoin to pay dividends, repurchasing $106 million of preferred stock, and increasing its U.S. dollar reserves to $4 billion. In addition, Strategy has not added to its Bitcoin holdings for the sixth consecutive week.

Strategy's founder Michael Saylor emphasized last week that Strategy would not issue new shares when STRC is below $100. The company has repurchased 288,930 shares of STRC preferred stock for a total transaction amount of approximately $25 million, with an average repurchase price of $86.52 per share. Strategy plans to continue as a "methodical and disciplined buyer," continuously repurchasing when STRC is priced below $100, increasing buying pressure when the price is far from $100, and reducing repurchase scale when the price approaches $100. Currently, Strategy still has approximately $975 million available for preferred stock buybacks. The STRC buyback funds will not use U.S. 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 around $100.