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STRC Par Is Key to Strategy’s Bitcoin Push | Bitcoin and Crypto News
Description
Cantor Fitzgerald is bullish on Strategy’s path to recovery, calling the return of STRC preferred stock to par the linchpin for unlocking bitcoin buying power and stabilizing the company’s finances. After a productive meeting with Strategy’s executive chairman, Cantor sees a clear, confident plan to rebuild capital — starting with selling $216M in bitcoin to fund STRC dividends — and believes all stakeholders — preferred, common, and bitcoin investors — are aligned around this goal. With cash reserves on the rise, Strategy could soon turn to buybacks or other moves, and as STRC recovers, Cantor expects MSTR shares to soar, fueling even more bitcoin accumulation.
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