Michael Saylor: Strategy will not issue new shares when STRC trades below $100

Strategy founder Michael Saylor announced that the company has repurchased 288,930 STRC preferred shares, with a total transaction value of approximately $25 million, at an average repurchase price of $86.52 per share. Saylor stated that Strategy plans to remain a "regular and disciplined buyer" of STRC, continuing repurchases when the security trades below $100. The company will increase its buying volume when STRC’s price is far from $100, while reducing repurchase size as it approaches the $100 threshold. Currently, Strategy still has about $975 million available for preferred share repurchases. Saylor added that funds for STRC repurchases will not be sourced from USD reserves, but will be raised via methods including selling MSTR stock and Bitcoin (BTC) based on market conditions. The company aims to keep STRC’s price stable around $100, while maintaining high liquidity, low volatility, and healthy, sustainable independent market demand. He emphasized that Strategy will not issue new STRC shares when the price is below $100.