Strategy’s STRC Hits $100 Par for First Time Since May After Over $2 Billion in Buybacks

- Strategy’s STRC hit $100 par, ending its May slump. Michael Saylor spent over $2 billion in buybacks and hiked the dividend to 12% to force the price back up. The switch to daily payouts killed the volatility that was bleeding retail holders dry. It’s a classic "aggressive passive income" loop: keep the stock at par, issue new shares, and buy more Bitcoin. If they hadn’t done this, they’d have been selling BTC to pay dividends—actual death spiral behavior for a meat wallet strategy. Now the ATM is open again, assuming buyers aren’t as scarce as a PoD seal on a black market. HODLers can finally stop sweating the discount.