Strategy's STRC fell back to $97 after touching $99, still below its $100 peg over four months later.
More than 120 days—four months—have passed since Strategy's dividend product STRC first dipped below its $100 peg. Company executives declared restoring it to $100 their topmost priority.
Since that moment, STRC has not, even momentarily, returned to that level.
However, this week Strategy was continuing a notable shift—buying back STRC shares instead of bitcoin—and STRC appeared on the verge of recovery, climbing to $99 on Monday.
But the uptick did not last.
On Tuesday, STRC retreated to roughly $97. There is as yet no sign of additional company buybacks.
Despite months of share repurchases, numerous assurances, and executives citing STRC as the company's top priority, the asset has stayed well below its peg.
The failure of the CLARITY Act set back the company further, and Strategy's stock fell 7% on that day.
Meanwhile, Chairman Michael Saylor has persisted in sharing bizarre, optimistic AI-generated Bitcoin videos.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Qualcomm beat Q4 revenue and earnings estimates, but shares fell after hours as profit guidance came in slightly weak and capex surged above forecasts.
Arm beat Q2 expectations but shares fell 5% after hours as guidance only marginally exceeded forecasts and a key licensing metric missed.
Snap's Q3 user count of 495 million missed estimates, but profit beat offset a slight revenue miss. Q4 outlook in line.
U.S. stocks rallied sharply, with the Dow surging 1,570 points as investors rotated out of AI and chip names into broader market sectors.