The preferred shares have recovered nearly 24% from their June closing low as Strategy builds its cash reserve and repurchases STRC.
Strategy’s variable-rate preferred stock, STRC, closed above $90 for the first time in seven weeks, extending its recovery from a June selloff that raised concerns about the Bitcoin treasury company’s financial resilience.
STRC closed at $92.32 on Monday, up 3.2% from Friday’s $89.46 close, according to Yahoo Finance data. It was the first close above $90 since June 16. The stock has recovered nearly 24% from its June 26 closing low of $74.57.
