STRC Surges Above $90 as Saylor's Buyback Strategy Takes Hold

Strategy Inc's preferred stock STRC has surpassed $90 for the first time since June 17, closing at $92.32 after reaching an intraday high of $92.80.

This marks a significant recovery from its 52-week low of $71.25 and represents a narrowing of the spread between STRC's value and its $100 par value.

The annual dividend yield on STRC is estimated to be around 10-12%, paid out semi-monthly, making it an attractive option for investors looking for economic exposure to Strategy Inc's bitcoin treasury activities without riding the full rollercoaster of BTC price swings.