Strategy opts for bigger spending on STRC buybacks over BTC purchases
Summary
Strategy bought 334 Bitcoin for $28.7 million, bringing its holdings to 848,000 BTC. It also repurchased about 1.77 million STRC preferred shares for $176.3 million—more than six times its Bitcoin purchases that week. The company is seeking shareholder approval to pay dividends on STRC, STRF, STRK and STRD every business day instead of on their current schedules. Strategy says the change would not alter dividend rates or total obligations but could improve liquidity and price stability. Shareholders will vote Oct. 28; if approved, daily payments would begin in November for STRC and January for the other preferred stocks.
