Strategy to establish a $4 billion cash reserve and repurchase $106 million STRC

According to CoinDesk, STRC is currently reported at nearly $94, up more than 30% from the low point in late June. Strategy has repurchased $106 million of the preferred stock and maintained the annual dividend yield of STRC at 12%.

Strategy has strengthened its dividend coverage capability by selling Bitcoin and establishing a $4 billion reserve. The price of Bitcoin has stabilized above $60,000.