Debate Grows Over Strategy Using Bitcoin Sales to Fund STRC Buybacks
Key Takeaways Strategy hiked STRC’s dividend to 12% on June 29 while the stock traded near $87. Strategy authorized a $1 billion buyback with STRC as the initial priority target. Peter Schiff said STRC’s sub-$87 price signals Wall Street doubts Bitcoin’s growth pace. STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, traded in…
