Strategy’s STRC Equity Reclaims $100 Par Value, Boosting Bitcoin Acquisitions
- Stretch (STRC) regained its $100 par value after nine trading days post the March 13 ex-dividend date.
- STRC offers an annual dividend of 11.5%, paid monthly, incentivizing trading near its par value.
- Strategy purchased 1,031 bitcoin last week for $76.6 million, averaging $74,326 per coin.
- The firm’s total bitcoin holdings now stand at approximately 762,099 coins, valued at around $57.69 billion.
- In comparison, Strive’s SATA tool offers a higher dividend of 12.75% and is currently priced at $99.25.
The recovery of STRC’s price allows Strategy to issue new shares and raise capital for further bitcoin acquisitions while maintaining investor interest through dividends.
With holdings now totaling approximately $57.69 billion in bitcoin, Strategy continues to enhance its position in the cryptocurrency market following recent purchases averaging $74,326 per coin.
