Strategy’s STRC rebounds 30% as company builds cash reserve, bitcoin price stabilizes

Bitcoin sales, what is now a $4 billion cash reserve, and a $975 million repurchase program, have supported STRC’s recovery.

STRC is trading near $94 after climbing more than 30% from its late-June low, while Strategy has already repurchased $106 million of the preferred stock.
Strategy has strengthened its dividend coverage through bitcoin sales and a $4 billion US dollar reserve, while maintaining STRC’s annualized dividend rate at 12%.
Also not hurting, the price of bitcoin has stabilized above $60,000.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

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