STRC

STRC is the token of the Strategy fund, which is a treasury firm that holds bitcoin and dollar reserves. The fund uses its treasury to buy back STRC tokens and pay dividends to investors.

Why it’s in the news: STRC is in the news due to its market price underperforming its $100 par value, prompting the fund to buy back billions of its own tokens and propose a daily dividend to support the price.

Latest on STRC

• Strategy proposes daily dividends to bring STRC back toward $100
• Strive’s SATA nears $1 billion market cap as Strategy’s STRC continues to underperform
• Strategy spends $635M buying back STRC as perpetual preferred stock lags $100 par
• No change in bitcoin holdings as Strategy boosted dollar reserve, bought back more STRC last week
• Brazil’s largest bitcoin treasury firm plans ETF with 95% allocation to Strategy's STRC
• Solana gets its first Strategy STRC product through Solstice Finance
• Strategy maintained its STRC dividend payout at 12%
• STRC token holders will continue receiving distributions at the existing 12% rate going forward

Connections

12 entities linked to STRC across the news graph.