Or potentially influenced by Strategy's buyback announcement, STRC rose nearly 10% in pre-market trading

Odaily reported that STRC rose 9.41% in pre-market trading to $81.59, potentially influenced by the positive news of Strategy announcing it will use up to $1 billion for the buyback of digital credit securities (including STRC).

Previously, Bitcoin treasury company Strategy announced the launch of a new capital framework, which includes a $1 billion digital credit securities buyback plan to optimize its capital structure. Meanwhile, the company's board of directors approved a Bitcoin realization plan, aiming to raise up to $1.25 billion through related operations to bolster its U.S. dollar reserves. As of June 28, Strategy's U.S. dollar reserve stood at approximately $2.55 billion. It is reported that the new capital arrangement is designed to enhance liquidity management capabilities and improve the flexibility and resilience of the overall balance sheet.