Bitcoin24h $86,483.98+3.08%

Ethereum24h $2,750.39+1.90%

BNB24h $778.16+1.11%

XRP24h $1.54+3.22%

Solana24h $122.12+3.77%

TRON24h $0.3351+0.63%

Zcash24h $1,386.94+0.04%

Hyperliquid24h $91.09+1.52%

Dogecoin24h $0.0969+2.43%

Chainlink24h $14.44+0.97%

Strategy has burned through 64% of its STRC rescue fund

Strategy has burned through 64% of its $2B STRC rescue fund, leaving less than $724M after 10 weeks of buybacks.

Strategy paid $100M extra to buy back the bitcoin it sold

Strategy spent recent weeks rebuying 5,553 of the BTC it sold this summer. After selling low and re-buying high, the cost exceeds $100M.

Mark Moss’ Satsuma Technology sold all 669 of its BTC and will return £30.7M after the company crashed 99% from its 2025 peak.

Strategy’s STRC, which pays twice-monthly dividends on $100/share of par value, fell from parity on May 15 and hasn’t returned.

It has been a year since Michael Saylor’s Strategy launched STRC, and the price of MSTR has declined 75% since it started trading.