Strategy President and CEO Phong Le has demonstrated strong confidence in the companys STRC preferred stock by purchasing $1 million worth of shares. The announcement came as STRC continued trading below its intended $100 par value, a level that is critical to Strategys Bitcoin acquisition strategy. In a post on X, Le revealed, I bought $1 million of $STRC today. Will hold it until it reaches par, likely longer. Following the statement, STRC shares rebounded from the days lows and gained 1.46%, closing at $89.88. The recovery followed a sharp decline that had pushed the preferred stock below… Read more
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