MSTR Shares Soar on Soft CPI Data as STRC Preferreds Approach Par
MSTR shares rose 5.1% to $135.17 on September 11 after softer-than-expected August CPI data alleviated concerns about aggressive rate hikes.
The company's STRC preferred shares reached a 15-week high at $98.64, a 38% recovery from June 26 lows and just $1.36 below par value.
Strategy Inc has repurchased $811.5 million worth of STRC since July using proceeds from MSTR stock and Bitcoin liquidations.