Strategy’s STRC Hit $100, but Common Stock Funded Last Week’s Bitcoin Purchases
Key Highlights: STRC reached an intraday milestone price of $100 on November 4, but Strategy reported zero STRC at-the-market (ATM) share sales for the week of November 2–8. Capital raised during the week derived entirely from selling 2,051,348 MSTR common shares, which funded both Bitcoin acquisitions and preferred-stock buybacks. Preferred-share repurchases outpaced Bitcoin investments, absorbing ...