STRC stock rebounds below $99 as Strategy discloses $193M buyback

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Strategy disclosed $193.1 million in STRC stock repurchases on October 19, having acquired approximately 1.94 million shares between October 12 and 18. The company also increased its preferred-share buyback authorization from $2 billion to $3 billion, leaving $1.16 billion available as of October 18. STRC shares recovered to around $98.72, with the $99-$100 price level now acting as a nearby resistance area. During the same week, Strategy purchased 267 BTC for $22.1 million, bringing its total holdings to 848,517 BTC. Its general-purpose cash balance stood at $447.3 million, with a separate reserve of $4.83 billion for preferred dividends and debt interest.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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