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Crypto

STRC Buybacks Near $1 Billion Mark as Strategy Continues Aggressive Repurchases

Guavy AI Editorial Team
Instruments
BTC
Share

Strategy has been aggressively buying back its STRC shares, bringing their total repurchases to nearly $950.8 million since July 20.

The company's buybacks have been a key factor in STRC's recovery towards its targeted $99-to-$100 trading range, with the security currently trading at $97.07.

Strategy's CEO Phong Le previously stated that when STRC returns to par, the company will issue more shares, which could be directed towards Bitcoin purchases.

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