Strategy has burned through 64% of its $2B STRC rescue fund
Strategy, Michael Saylor’s BTC treasury company, has expended 64% of its once-$2 billion fund to repurchase STRC. The company has spent $1.28 billion over 10 weeks, leaving less than $724 million. Strategy aims to force STRC's price higher, which Saylor had previously likened to a high-yield bank account. Last week, Strategy spent $151.7 million repurchasing STRC, a rate six times higher than when it started 10 weeks ago, with the average price paid climbing to $98.86 per STRC.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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