Strategy preferred shares rebound to $100 in two weeks… “Expected to expand capacity to buy bitcoin”
Uk Jin
Summary
- It was reported that STRC, the preferred stock of Strategy—the world’s largest corporate holder of bitcoin (BTC)—has regained the $100 level in about two weeks.
- It noted that STRC can be additionally sold only when its price is at or above $100, serving as the company’s fundraising channel.
- With STRC returning to the $100 level, expectations are rising for an expanded capacity for additional bitcoin purchases by Strategy, but the 11.25% monthly dividend was cited as a cash-burden factor.
Forecast Trend Report by Period
STRC, the preferred stock issued by Strategy, the world’s largest corporate holder of bitcoin (BTC), has recovered the $100 level in about two weeks.
According to Cryptopolitan on the 13th (Korea time), STRC rose as high as $100.03 intraday, moving back above $100.
STRC is a preferred share issued by Strategy and can be additionally sold only when its price is at or above $100, serving as a fundraising channel for the company.
Accordingly, analysts say that as STRC regains the $100 level, Strategy’s capacity for additional bitcoin purchases could expand.
However, STRC is structured to pay a monthly dividend of 11.25%, and it is also cited as a factor adding to Strategy’s cash burden.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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