Strategy is a company. It owns more bitcoin than almost any firm on Earth. Michael Saylor runs it. On Monday, Strategy filed new numbers with the SEC. It bought 267 more bitcoin. That cost $22.1 million. Strategy now holds 848,517 bitcoin in all. That cost $64 billion over time. That is more than 4% of all the bitcoin that will ever exist.
Strategy also sells preferred stock. One version is called STRC. STRC pays a yearly dividend. The rate is 12%. Strategy posted on X about STRC's price that day. It wrote, "Our objective is for $STRC to trade at $99-$100 over time." The post got 748 likes fast. It drew 45 replies too.
STRC has traded below that range lately. It closed at $97.72 on Oct. 16. That was a dip of 1.82% that day. Strategy spent $193.1 million buying STRC shares back. It bought 1,938,780 shares near $99.60 each. The company also raised its buyback budget. That budget grew from $2 billion to $3 billion.
Why did this plain post catch fire? Strategy spends real money each week. It buys bitcoin most weeks. It also buys back its own stock. People want proof the price plan works. A clear price target gives them something to watch. A number is easy to check later.
What does this say about crypto people today? They now track stock buybacks the way they once tracked bitcoin trades alone. A bitcoin company now does what old Wall Street firms do. It sells stock. It pays steady dividends. It defends a price target out loud, in public. Investors still watch close for signs of strain. STRC traded as low as $97.56 last week. Strategy says its plan will hold the price steady over time. Only time will show if that promise holds true. For now, the company keeps buying bitcoin and its own stock. It keeps telling the market to wait and watch.