**[Strategy Spends $950 Million on Buybacks, STRC Poised to Return to $100 Par Value]** Odaily Planet Daily News – Strategy is leveraging large-scale buybacks to push the price of its perpetual preferred stock, STRC, back toward its $100 par value, aiming to restore its Bitcoin financing capability. Between July 20 and September 13, Strategy repurchased a total of 9.96 million shares of STRC, spending approximately $950 million, which accounted for about 18% of the trading volume during the same period. Around $765 million of the funds can be traced back to the sale of MSTR common stock, while another $161 million came from Bitcoin liquidations. STRC had previously dropped to around $70 but recently rebounded to a high of approximately $99. Analysts believe that only when STRC's price approaches or surpasses its $100 par value can Strategy effectively reissue the security and use the raised funds to purchase Bitcoin. However, after Strategy scales back its buybacks, whether STRC can continue to hold near its par value remains uncertain. (Bloomberg)