Strategy’s STRC Hits $100 Par for First Time Since May After Over $2 Billion in Buybacks

Strategy's STRC preferred stock hit $100 par on Wednesday for the first time since May, after over $2 billion in buybacks, a 12% dividend rate, and a switch to daily payouts. The milestone reflects investor confidence in the company's bitcoin-focused strategy and its ability to support the preferred shares through aggressive capital returns.