Strategy has $785 million left to close STRC’s final $5 gap after selling $213 million in Bitcoin

Strategy’s preferred stock STRC is steadily moving back toward its $100 target as the Bitcoin treasury company increases its purchases of the shares. Data from STRC.live showed that STRC traded around $95 on Monday, extending a recovery from its late-June low of about $74 as Strategy combined open-market repurchases with a 12% annualized dividend to narrow the security’s discount. Over the past three weeks, Strategy …