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.<\/p>\n
Source: TechFlow Crypto News<\/a> \u00b7 Original<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" 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.<\/p>\n","protected":false},"featured_media":0,"template":"","btc_ct_section":[8],"class_list":["post-226","btc_ct_news","type-btc_ct_news","status-publish","hentry","btc_ct_section-tf_crypto"],"_links":{"self":[{"href":"https:\/\/www.btcethdata.com\/index.php?rest_route=\/wp\/v2\/btc_ct_news\/226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.btcethdata.com\/index.php?rest_route=\/wp\/v2\/btc_ct_news"}],"about":[{"href":"https:\/\/www.btcethdata.com\/index.php?rest_route=\/wp\/v2\/types\/btc_ct_news"}],"wp:attachment":[{"href":"https:\/\/www.btcethdata.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=226"}],"wp:term":[{"taxonomy":"btc_ct_section","embeddable":true,"href":"https:\/\/www.btcethdata.com\/index.php?rest_route=%2Fwp%2Fv2%2Fbtc_ct_section&post=226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}