Strategy Q2 financial report to be released soon; STRC rises over 2% intraday, reaching highest level since July 2

BlockBeats reports that on July 31, according to BIT(bit.com) market data, Strategy perpetual preferred stock STRC is currently priced at $89.43 in intraday U.S. stock market trading, up 2.35%, reaching its highest price since July 2.

Strategy will release its Q2 financial report on July 31 at 5:00 am (UTC+8). In addition, Strategy has not increased its Bitcoin holdings for the fifth consecutive week.

Recently, Strategy founder Michael Saylor emphasized that Strategy will not issue new shares when STRC is below $100. The company has repurchased 288,930 shares of STRC preferred stock, with a total transaction amount of approximately $25 million and an average repurchase price of $86.52 per share. Strategy plans to continue as a "regular and disciplined buyer," consistently buying back shares when the price of STRC is below $100. The company will increase purchasing power when the price is far from $100 and decrease repurchases as the price approaches $100. Currently, Strategy still has about $975 million available for preferred stock buyback. Funds for STRC repurchases will not come from U.S. dollar reserves but will be raised according to market conditions through sales of MSTR stock and Bitcoin, with the goal of stabilizing the STRC price around $100.