Michael Saylor Plans Disciplined STRC Purchases Below $100, $975 Million in Buying Capacity Remains

BitcoinWorld Michael Saylor Plans Disciplined STRC Purchases Below $100, $975 Million in Buying Capacity Remains Michael Saylor, founder and chairman of Strategy, announced on X that he intends to maintain a regular, disciplined approach to purchasing shares of the company’s preferred stock, STRC, whenever the stock trades below $100.

Saylor stated he would increase the pace of purchases as the discount to STRC’s $100 par value widens, and reduce them as the stock price approaches that level.

Buying Strategy and Remaining Capacity Saylor disclosed that approximately $975 million in buying capacity remains under the current program.

This follows a previous announcement from Strategy last week, in which the company reported purchasing 288,930 shares of STRC for $25 million at an average price of $86.52 per share.