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STRC Surges as Bitcoin Holds | Bitcoin and Crypto News
Description
STRC’s stock is surging after a rocky dip, now trading near $94—up over 30% since June’s low—thanks to strategic Bitcoin moves and aggressive buybacks. Strategy sold over 5,000 BTC (worth $320M+) to fund dividends, repurchased $106M of its own shares, and added $250M to cash reserves, bringing total liquidity to $4B—enough to cover dividends for 2-3 years at their steady 12% payout. With Bitcoin holding above $60K and historical patterns suggesting a potential return to $100 by September 8th, STRC’s recovery momentum looks strong—even if the market has its own agenda.
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