Strategy's STRC hits par for first time since May. This is why it matters

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Scott Melker breaks down Strategy's (MSTR) preferred stock, STRC (STRC), returning to its $100 par value for the first time since May. Melker examines what the milestone means for Michael Saylor's bitcoin (BTC-USD) accumulation strategy and what it could signal about investor confidence in bitcoin. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Video Transcript 00:00 Speaker A strategies STRC $100 par now. 00:03 Speaker A This is the first time that it's hit par back uh since May, par being $100. And of course, it did take billions of dollars in buybacks and for the dividend rate to go up, which is the mechanics of it for it to get there. But I mean, today's theme is I told you so.