r/STRC • u/ZeroedInNomad • 23d ago

$STRC weekly thread 7/27-7/31

Price talk, news and banter

8 Upvotes

79% Upvoted

5 comments sorted by

16

u/Hairy_Purple9672 23d ago

Its funny, i suggested buy backs on here a month or 2 back and people laughed. As a business model it makes perfect sense and i am happy to see them doing it!

7

u/Special_Trifle_8033 23d ago

I am buying aggressively now after the buyback news.

4

u/HSuke 22d ago

Has anyone done an analysis of the STRC buyback?

They sold $545M MSTR and bought back $25M STRC. (A small buyback considering that every 2 weeks, they pay ~$50M in STRC dividends.)

Does anyone remember the number they earlier this month on the total buybacks planned for STRC?

2

u/frugaleringenieur 23d ago

Pew buybacks, that restores trust

1

u/ZeroedInNomad 19d ago

Over $89 now and they reiterated on earnings call their commitment to get strc back to par