Michael Saylor: The goal is to drive the STRC back to the anchor around September 8th
On July 31st, the founder of Strategy, Michael Saylor, said at today's press conference: “It took us about 70 trading days to return to face value when the STRC was on the market. Some may forget that the price we charged when IPO was $90 and it took 70 days to pull back the face value. Forty trading days have passed since today, if we start from the start of the STRC break-up of the $99-100 trade zone. Taking as a starting point the day of 28 May, when the trading area collapsed, 70 trading days were to be calculated backwards, around 8 September. We are closely following that date and tracking our progress. We will focus on getting the SRC back to health. In our view, since IPO could be achieved within 70 days after that, it would also be reasonable to set the target of 70 days for rehabilitation after the break-up. We have the means to get the STRC back on the face."
