Strategy Targets STRC Stock at $99–$100 Following $3 Billion Buyback Authorization Increase
What happened
On October 19, 2026, Strategy reaffirmed its target for STRC to trade between $99 and $100 while announcing a $3 billion buyback authorization increase.
The Context
- Buyback Strategy: Strategy repurchased $193.1 million worth of STRC shares, signaling strong support for its preferred stock.
- Digital Credit Framework: The company’s capital framework prioritizes maintaining a 12% dividend on STRC while limiting new issuances below $100.
- Bitcoin Acquisition: Alongside the buyback, Strategy acquired 267 BTC for $22.1 million, highlighting its dual focus on preferred stock and cryptocurrency.
The Number
— This is the amount spent on STRC repurchases in just one week, underscoring the company's commitment to stabilizing its stock price.
Takeaway
Expect continued buybacks as Strategy aims to reinforce its price target, potentially influencing market dynamics for preferred stocks.
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Strategy targets $99–$100 for STRC as buyback cap reaches $3 billion
Strategy has reaffirmed its target for STRC to trade between $99 and $100, following the announcement of $193.1 million in preferred-share repurchases and a total buyback authorization of $3 billion. This strategic move aims to bolster the stock's va...
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Strategy buys $22M in Bitcoin, repurchases $193M in STRC
Strategy has made a significant investment by purchasing $22 million in Bitcoin, adding 267 BTC to its holdings while simultaneously repurchasing 1.94 million shares of its preferred stock, STRC, and increasing its buyback program to $3 billion.
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Strategy, chaired by Michael Saylor, has purchased an additional 267 bitcoin for approximately $22.1 million, increasing its total holdings to 848,517 coins. This acquisition, disclosed on October 19, reflects an average cost of about $82,800 per bit...
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