Svmuu News: On June 29, Strategy raised the annualized dividend on STRC to 12% and authorized a $1 billion buyback program covering four preferred securities—STRC, STRF, STRD, and STRK—with STRC as the initial priority for the buyback.Strategy disclosed that the funds for the buyback will not come from its approximately $2.55 billion in reserves but may come from the $1.25 billion Bitcoin monetization plan approved during the same period. STRC traded in the mid-to-high $80 range this week, dipping below $85 on some trading days—below Strategy’s long-term trading target of $99 to $100.Peter Schiff stated that STRC’s price below $87 reflects Wall Street’s skepticism regarding the growth rate of Bitcoin. (Bitcoin.com News).