STRC Rebounds Above $90 After Strategy's Capital Overhaul

Strategy's STRC variable-rate preferred stock has staged a comeback, closing above $90 for the first time in seven weeks. The stock's price rebounded by nearly 24% from its June 26 low of $74.57.

The recovery follows steps taken by Strategy to support STRC, including the sale of 1,638 Bitcoin for $104.7 million and the repurchase of 912,143 STRC shares for $81.2 million.

STRC's price has been volatile in recent months, but its latest close above $90 marks a significant milestone. Despite this rebound, the stock remains below Strategy's target range of $99 to $100.