Strategy STRC preferred stock reaches $100 milestone after buybacks

Community Trust Score Verified 89 % Real Verified 18 votes Updated 8 minutes ago Strategy’s STRC preferred stock briefly hit $100 on Nov. 4, potentially reopening a funding channel for Bitcoin purchases after months of cash-intensive share buybacks. The company announced the $100 milestone on Nov. 4. Executive chairman Michael Saylor responded with a brief statement: “We’re ₿ack.” The recovery follows a period of heavy capital expenditure. Strategy spent approximately $2 billion on share repurchases over several months. These buybacks strained liquidity and limited operational flexibility.