Strategy proposes to support $1 billion in priority stock buy-backs through a $1.25 billion bitcoin monetization plan

On 10 July, Strategy increased the SRC annualized dividends to 12 per cent on 29 June and authorized a $1 billion buy-back plan covering four priority securities, STRC, STRF, STRD and STRK, of which STRC was the initial priority buy-back target. Strategy disclosed that repurchase funds would not come from its approximately $25.5 billion reserve, possibly from the $125.0 billion bitcoin monetization plan approved during the same period. This week ' s transaction price was at a high of $80, and part of the transaction fell by $85, below Strategy ' s long-term transaction target of $99 to $100. Peter Schiff states that the price of STRC below $87 shows Wall Street questioning the growth of bitcoin。