News about STRC

Strategy, the largest corporate Bitcoin holder, conditionally declared daily dividends on its STRC preferred stock for each day of November, subject to shareholder approval and related amendments. The annualized rate would stay at 12%, which management plans to keep recommending until STRC shows sustained, healthy trading near its $100 par value. STRC was down 0.2% at $99.32 on Friday. Last week, Strategy bought 250 Bitcoin for $21.5 million, bringing its holdings to 848,250 BTC, while in the week ending Oct. 4 it repurchased $176 million of STRC, more than six times its $28 million in Bitcoin purchases.