Strategy Will Resume Bitcoin Purchases Once STRC Preferred Shares Hit $100 Par Value, CEO Says

BTC0.40%
STRC0.76%
According to CEO Phong Le in a Bloomberg TV interview on Tuesday, Strategy will resume buying Bitcoin once its Stretch (STRC) preferred shares return to their $100 par value. The company paused purchases in late June and has since raised $467 million through a common-stock sale to build a $3 billion cash reserve, sufficient to cover two years of dividend payments. Le stated that if Bitcoin were to fall to the $8,000 to $10,000 range, the firm would need to "consider some of the risk associated with our debt," though he emphasized Strategy remains secure on its balance sheet at current levels.
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