According to Bitcoin.com, Strategy Executive Chairman Michael Saylor disclosed on July 27 that the company will, subject to market conditions, repurchase STRC preferred stock (Series A perpetual preferred stock with a nominal amount of $100) by selling Bitcoin or MSTR stock in the future. When STRC trades significantly below $100, repurchasing at a discount can reduce future dividend expenses and is highly attractive from a capital allocation perspective.
Source: TechFlow Crypto News · Original