Strategy spent $208.2 million to repurchase approximately 2.09 million STRC shares between October 26 and November 1, as part of an effort to support the dividend-paying security and reduce its future dividend obligations. STRC traded at $99.91 after reaching $99.94 during the session, bringing it close to its $100 target. The company also purchased 811 BTC for $65.5 million, bringing its holdings to 849,327 BTC at an average price of $80,846 per bitcoin. Strategy raised $164 million by selling approximately 1.18 million new MSTR shares, with $98.5 million going into its general-purpose USD cash balance and $65.5 million funding the bitcoin purchases. It also paid $43.4 million in preferred-stock dividends and targets a 12% annual return on STRC, with daily dividends effective from November 1.
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