Strategy doubles its stock buyback to $2 billion to pull its STRC shares back to $100
Strategy doubled the size of its preferred-stock repurchase program to $2 billion Tuesday as Michael Saylor’s Sept. 8 recovery benchmark arrived with STRC still short of its $100 stated value. The board’s decision extends a campaign that was approaching the limits of its original $1 billion authorization after seven weeks of increasingly large purchases. Data […] The post Strategy doubles its stock buyback to $2 billion to pull its STRC shares back to $100 appeared first on CryptoSlate.
Key Takeaways
- Strategy doubled the size of its preferred-stock repurchase program to $2 billion Tuesday as Michael Saylor’s Sept.
- 8 recovery benchmark arrived with STRC still short of its $100 stated value.
- The board’s decision extends a campaign that was approaching the limits of its original $1 billion authorization after seven weeks of increasingly large purchases.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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