[Strategy Plans to Support $1 Billion Preferred Stock Buyback with $1.25 Billion Bitcoin Monetization Program] Odaily Planet Daily reports that on June 29, Strategy raised the annualized dividend for STRC to 12% and authorized a $1 billion buyback program covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC as the initial priority for the buyback. Strategy disclosed that the buyback funds will not come from its approximately $2.55 billion in cash reserves but may originate from the concurrently approved $1.25 billion Bitcoin monetization program. STRC traded in the mid-to-high $80 range this week, with some trading days falling below $85, which is below Strategy's long-term trading target of $99 to $100. Peter Schiff stated that STRC's price below $87 indicates Wall Street's skepticism about Bitcoin's growth rate. (Bitcoin.com News).