Bitcoin
Bitcoin Giant Strategy's STRC Hits $100 for First Time Since May After Daily Dividend Shift
Strategy’s STRC preferred shares reached the $100 mark on Wednesday for the first time since May, marking a significant milestone for the bitcoin treasury company just days after it began paying daily dividends to shareholders. Key Takeaways Strategy’s STRC preferred shares hit $100 on Wednesday for the first time since May, following months of share buybacks and a recent shift to daily dividends. STRC offers a 12% annualized dividend yield, with daily accruals beginning Nov. 1 following shareholder approval. Trading above $100 allows Strategy to potentially issue additional STRC shares to raise funds for bitcoin purchases, reversing months of buybacks...
Bitcoin News6 min read
