Strategy Authorizes $1 Billion Share Buyback, Plans $1.25 Billion Bitcoin Monetization on June 29

BTC1.48%
STRC-0.56%
According to ChainCatcher, on June 29, Strategy authorized a $1 billion buyback program covering four preferred securities, with STRC as the initial priority target. The company also raised STRC's annualized dividend to 12% and disclosed plans for a $1.25 billion bitcoin monetization initiative to fund the buyback without drawing from its approximately $2.55 billion reserve. STRC traded in the $80–$85 range during the week, below Strategy's long-term target of $99–$100.
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