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STRC Shares Rise 9.41% Premarket After Strategy Announces Up to $1 Billion Buyback Plan

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2026-06-29 12:24:46
STRC shares rose 9.41% in premarket trading to $81.59 after Strategy said it will use up to $1 billion to repurchase digital credit securities, including STRC.

According to Odaily, Strategy, a Bitcoin treasury company, introduced a new capital framework that includes a $1 billion digital credit securities repurchase program aimed at optimizing its capital structure.

The company’s board also approved a Bitcoin monetization plan that would raise up to $1.25 billion through related operations to increase its U.S. dollar reserves.

As of June 28, Strategy’s U.S. dollar reserves were about $2.55 billion.

Strategy said the new capital arrangements are intended to strengthen liquidity management and improve overall balance sheet flexibility and risk resilience.
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