Scott Melker breaks down Strategy's (MSTR) preferred stock, STRC (STRC), returning to its $100 par value for the first time since May. Melker examines what the milestone means for Michael Saylor's bitcoin (BTC-USD) accumulation strategy and what it could signal about investor confidence in bitcoin.
"The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.
strategies STRC $100 par now.
This is the first time that it's hit par back uh since May, par being $100. And of course, it did take billions of dollars in buybacks and for the dividend rate to go up, which is the mechanics of it for it to get there. But I mean, today's theme is I told you so.
so amazing.
Uh yeah, I told you the Democrats would probably write a clarity act and I've been screaming for probably six months about the fact that STRC would go back to par at $100. I rarely give financial advice, but I was strongly encouraging people or displaying what I was doing, which was buying STRC in the low 90s, 80s, 70s with the expectations that it would go back to par. And Doomers were out there screaming about how
strategy was insolvent and they were going to be bankrupt and that this beautiful man, Michael Sailor was going to end up as a homeless person.
And that STRC would never go back to par. Well, here we are, which means, A,
I was right.
Didn't mean to mention that again. B, that the Bitcoin buying machine could potentially turn back on in the very near future if this holds at or near par around $100.
$2.25 billion buying back STRC to be fair here, but this should allow them to start buying Bitcoin once again. I am so excited about this. I am here for it. I am glad that this has worked out. I'm glad that we no longer have to hear about the death of strategy and would once again like to remind you, which I did at the time,
that when a a strategy sells some Bitcoin, but B, when you start hearing about something going to zero or the death over of it, or it's all over, those are bottom signals and all of those things were signals of the dead bottom of the market, not only for STRC and strategy, but for Bitcoin in general.
