Strategy's STRC Equity Recovers to Par Value, Facilitating Bitcoin Purchases

Strategy's STRC perpetual preferred equity has returned to its $100 par value as of Thursday, enhancing the company's capacity to issue shares near par and secure capital for further bitcoin acquisitions. According to NS3.AI, this recovery occurred over nine trading days following the March 13 ex-dividend date, slightly quicker than STRC's historical average of approximately 10 trading days. Strategy's bitcoin holdings have reached 762,099 bitcoins, acquired for roughly $57.69 billion at an average price of $75,694 per coin.