BUSINESSBITCOIN MAGAZINE
Schwab Strategist Backs Strategy’s STRC Playbook Amid Bitcoin Weakness
Schwab's Jim Ferraioli supports Strategy's STRC stock strategy amid Bitcoin's decline near $60,000. Strategy, the largest corporate Bitcoin holder, raised STRC's dividend to 12% and authorized $2 billion in buybacks to stabilize its stock, which had fallen from $100 par value. The firm shifted from a 'never sell' Bitcoin stance to strategic sales, acknowledging market concerns about cascading liquidations.
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Adjacent reporting
- Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters
- Strategy (MSTR) Surges Over 12% As Bitcoin-Linked Stocks Have Green Day
- Salesforce CEO Marc Benioff outlines his plan to turn around his struggling stock
- GameStop wants to buy back $2 billion of its own stock after an eBay-fueled selloff
- Strategy (MSTR) Stock Craters 10%, Hits Two-Year Low as Bitcoin Crashes Below $60K, CryptoQuant Warns Company to Stop Buying
- Strategy Mulls Selling Bitcoin to 'Inoculate the Market': Saylor