Strategy’s Q2 earnings report is imminent, with STRC rising over 2% intraday to hit a new high since July 2.

According to BIT (bit.com) market data, during U.S. trading hours, Strategy’s perpetual preferred stock (ticker: STRC) is trading at $89.43, up 2.35%, hitting its highest price since July 2. Strategy will release its Q2 financial results at 5 a.m. UTC+8 on July 31. Additionally, Strategy has not added to its Bitcoin holdings for the fifth consecutive week. Recently, Strategy founder Michael Saylor emphasized that the company will not issue new STRC shares when the stock trades below $100. The firm has repurchased 288,930 STRC preferred shares for a total of roughly $25 million, at an average price of $86.52 per share. Strategy plans to remain a "regular and disciplined buyer," continuing repurchases when STRC is priced below $100. It will increase buying activity when the price is far from $100, and reduce repurchase volumes as it approaches that level. Currently, Strategy has approximately $975 million available for preferred stock repurchases. Funds for STRC repurchases will not come from its U.S. dollar reserves; instead, they will be raised via methods such as selling MSTR stock and Bitcoin, depending on market conditions, with the goal of stabilizing STRC’s price near $100.