Strategy Plans To Be Regular And Disciplined Buyer Of Its Perpetual Stretch Preferred Stock Trading As 'STRC' When It's Under $100 Per Share; Won't Issue New STRC Shares Below $100 Per Share
While STRC trades below its $100 per share stated amount, Strategy intends to be a regular and disciplined purchaser of STRC, subject to market conditions, applicable law, available liquidity, and the Company’s
Strategy plans to buy back its own special stock (STRC) whenever the price drops below $100 per share. This shows the company believes its stock is a good deal at that price, which can be a signal of management confidence.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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