Markets
BitPlanet Says Strategy's STRC Regains $100 Par, but Fundraising Function Still Not Normalized
Summary BitPlanet said Strategy's perpetual preferred stock STRC has regained its $100 par value, but that does not mean its fundraising function has returned to normal. It said Strategy spent $2.2514 billion on STRC share repurchases from July 20 through Nov. 1, helping lift the price. BitPlanet said USD Cash fell from $1.59 billion to $132.7 million as a result of the buybacks, raising the prospect of external financing such as additional common stock issuance. Forecast Trend Report by Period Strategy's perpetual preferred stock, STRC, has regained its $100 par value. BitPlanet said that does not yet mean its fundraising...
bloomingbit3 min read
