MSTR Stock Jumps 5% as Strategy Begins Daily STRC Dividends at 12% Annual Rate

HIGHLIGHTS MSTR stock climbed 4.45% to $136.58 as Strategy introduced daily STRC dividends at a 12% annualized rate. Strategy repurchased $208.2 million in STRC shares and acquired 811 BTC for $65.5 million. B. Riley lowered its MSTR price target to $180 from $195 while maintaining a Buy rating. Strategy (MSTR) shares rose 4.45% to $136.58 on Monday, as the company introduced daily dividends on its Stretch preferred stock. The gain came after Strategy announced another STRC buyback and resumed buying Bitcoin.