Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral
Michael Saylor has roughly one week to orchestrate STRCs return to its $100 par value by his informal Sept. 8 target, but the financial machinery required to close the final gap is running hot. Despite deploying $635.2 million on aggressive buybacks, Strategys preferred security continues to hover around $97. The company has simultaneously restarted its Bitcoin accumulation after a two-month freeze, signaling confidence that its balance sheet can absorb both demands. Yet, the path to par has morphed into a highly capital-intensive grind just as a wave of competing Bitcoin-linked yield products hits the market. Related Person Michael Saylor Executive Chairman · Strategy The coming days will test more than Saylors 70-trading-day timeline, a target calculated from STRCs latest recovery starting May 28. It will reveal how much more capital the firm is willing to deploy before relying on organic institutional demand to anchor the security. The final $3 is costing Strategy more The economics of the buyback campaign have deteriorated steadily as STRC climbs toward par, upending the companys initial strategy. Related Company Strategy Business intelligence software When Strategy began repurchasing STRC in July, management outlined a clear tapering framework: deploy more capital at deeper discounts to capture attractive economics, then scale back as the security approached









