Strategy plans to repurchase $1 billion of preferred stock through a $1.25 billion Bitcoin monetization plan, with Peter Schiff expressing doubts

According to Bitcoin.com News, Strategy raised the annualized dividend of STRC to 12% on June 29th and authorized a $1 billion repurchase plan covering four preferred securities, STRC, STRF, STRD, and STRK. Strategy disclosed that the repurchase funds will not come from the $2.55 billion reserve, but are planned to come from the $1.25 billion Bitcoin monetization plan. STRC's trading price this week is at a mid to high level of $80, with some trading days falling below $85, below the long-term trading target of $99 to $100. Peter Schiff stated that the price of STRC below $87 indicates that Wall Street is questioning the growth rate of Bitcoin.