EconomyStrategy spends $635 million buying back STRC as perpetual preferred stock trails $100 par
Strategy has spent $635 million repurchasing STRC, yet the perpetual preferred stock trades at $97.34, below its $100 par value. SATA’s higher dividend rate, by contrast, has helped it remain at par.
Strategy spends $635 million buying back STRC as perpetual preferred stock trails $100 par
Economy