MicroStrategy's STRC Falls to $88.1, Bitcoin Purchases Halted for 5 Consecutive Weeks

According to BlockBeats and BIT market data, MicroStrategy's perpetual preferred stock STRC reported at $88.1 on July 28, down 0.26%, following a 1.65% gain the previous day. The company has halted Bitcoin purchases for five consecutive weeks, according to statements from founder Michael Saylor.

Saylor emphasized that MicroStrategy will not issue new shares while STRC trades below $100. The company has repurchased 289,300 shares at an average price of $86.52 per share, totaling approximately $25 million, and plans to continue systematic buybacks with approximately $975 million remaining for future repurchases.