Strategy repurchases $174M in STRC shares, stock jumps 12%

Strategy Inc. has resumed its accumulation strategy by purchasing 950 Bitcoin for $75.7 million following a two-week pause. Additionally, the company spent $174 million repurchasing its STRC preferred stock, which resulted in a 12% increase in stock price. These moves signal strong confidence in both Bitcoin and the valuation of STRC. Market predictions suggest an 83% probability that STRC will reach $100 by December 31, reflecting positive investor sentiment regarding the company's current financial trajectory.