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Strategy’s $100 STRC comeback could turn a cash drain into fresh Bitcoin buying power

Strategy's STRC preferred stock briefly returned to $100 on Nov. 4, potentially restoring a funding channel for Bitcoin purchases after months of cash-consuming share buybacks. The company announced on Nov. 4 that its STRC security had reached $100, prompting executive chairman Michael Saylor to declare: “We're ₿ack.

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Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.

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Oluwapelumi Adejumo, CryptoSlate

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