Strategy Inc., led by Michael Saylor, has repurchased $139 million of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), while maintaining its holdings of 845,050 bitcoin and $6.4 billion in USD assets. This operation aims to reduce the number of preferred shares outstanding without changing the company’s bitcoin position. Analysts believe this repurchase demonstrates increased confidence in the valuation of STRC shares. The market anticipates that STRC could reach $100 by year-end.
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