Is Strategy’s STRC Buyback Loop Running Out of Cash?
By Jeff Albus
Source excerpt · Unchained
Strategy built STRC, a preferred stock that pays 12% a year, to raise money for bitcoin. It hasn’t raised any since May. In late June, STRC closed as low as $74.57, roughly 25% below the $100 price it was designed to trade near. Strategy started buying it back in late July ... The post Is Strategy’s STRC Buyback Loop Running Out of Cash? appeared first on Unchained .