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Strategy's STRC Rebounds 30% Backed by $4B Cash Reserve and Buyback Plan

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Strategy's preferred stock STRC has rebounded approximately 30% after a period of decline. The recovery has been supported by the company building a substantial $4 billion cash reserve. Strategy also announced a $975 million share repurchase program, which boosted investor confidence. Bitcoin sales contributed to strengthening the company's financial position. The rebound also coincided with a stabilization in bitcoin's price.

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Strategy's STRC Rebounds 30% Backed by $4B Cash Reserve and Buyback Plan · ShortSingh