Strategy $635M STRC Preferred Stock Buyback Below Par
Strategy repurchased $635 million of STRC perpetual preferred stock trading under $100 par, indicating capital structure adjustments.
Strategy completed a $635 million repurchase of its STRC perpetual preferred stock. The instrument currently trades below its $100 par value.
The transaction shows the issuer actively managing its capital structure by retiring shares at a discount to face value.
Open Questions
No official statement, filing, or details on timing, counterparties, or the impact on remaining capital have been released.