Strategy Spends $369 Million to Repurchase STRC, Stock Price Nears $100
Source：
news.bitcoin.com
According to Bitcoin.com, bitcoin treasury company Strategy repurchased a total of 3,705,947 shares of STRC preferred stock between September 28 and October 11, spending approximately $368.7 million at an average price of around $99.47. During the same period, the company acquired only 584 BTC (approximately $50.2 million), with the ratio of capital directed toward STRC buybacks versus BTC purchases standing at roughly 7:1. Driven by this activity, STRC closed at $99.88 on October 12, reaching its highest point since May and marking a cumulative rebound of approximately 40% from its June low of $71.25.
