Strategy’s STRC Returns to $100 for First Time Since…
By Karthik Subramanian
AI summary of the source article
Strategy's preferred stock STRC briefly reached its $100 stated value on November 4, 2026, for the first time since May. A sustained recovery could potentially reopen an issuance channel to fund further Bitcoin acquisitions.
Why it matters
The milestone matters because Strategy has maintained a policy of avoiding new STRC issuance below $100. A sustained recovery could allow the company to sell additional preferred shares through its at-the-market offering program and use the proceeds to acquire Bitcoin.
Key facts
- STRC touched $100 on November 4, 2026, after falling to a low of approximately $71.25 on June 26.
- Strategy repurchased approximately $2.25 billion of STRC through November 1 to stabilize prices and reduce dividend obligations.
- The company acquired 811 Bitcoin for approximately $65.5 million via MSTR common stock sales, lifting total holdings to around 849,327 Bitcoin.
Source excerpt · FinanceFeeds
Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) briefly reached $100 on November 4, 2026, marking its first return to that level since May and potentially reopening a financing channel for additional Bitcoin purchases. The Nasdaq-listed security touched its $100 stated value during Wednesday's trading session before slipping to approximately $99.99. The milestone matters…