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Strategy spends $635M buying back its perpetual preferred stock STRC
Strategy has spent $635 million repurchasing its perpetual preferred stock STRC. Despite these growing repurchases, STRC is trading at $97.34, below its $100 par value. In contrast, another preferred stock, SATA, has maintained its $100 par value, aided by its higher dividend rate.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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