A look at how falling Bitcoin prices, capital structure changes pushed STRC below $83 in just five weeks.
May 26: The company confirmed it had used its cash reserve to finance the bond repurchase. The transaction had reduced the fund to $871 million. The buyback reduced that reserve to roughly six months of STRC dividend coverage. The company had previously said the plan was to maintain about 24 months of dividend coverage. STRC...
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