Strategy’s STRC closed Wednesday’s regular session at $99.98, after crossing its $100 stated amount intraday for the first time in a regular session since May.
Strategy’s prospectus lists $100 as STRC’s stated amount. The company says it can adjust the dividend rate monthly to support trading near that level. Strategy describes a long-term objective of about $99 to $100, while saying it cannot guarantee a particular market price.
Yahoo Finance historical prices show STRC closed at $98.71 on Oct. 20. A Strategy filing reported $193.1 million in STRC repurchases; EconoTimes covered the earlier close and buyback.
