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Strategy Invests $368.7 Million in STRC Buyback, STRC Hits New High Since May

On October 13, Bitcoin.com reported that Bitcoin reserve company Strategy repurchased a total of 3,705,947 shares of STRC preferred stock for approximately $368.7 million between September 28 and October 11, at an average price of about $99.47. During the same period, only 584 BTC (approximately $50.2 million) were purchased, with the ratio of funds used for the STRC buyback to BTC purchases being about 7:1. As a result, STRC closed at $99.88 on October 12, reaching a new high since May, reflecting a cumulative rebound of about 40% from the June low of $71.25.

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