What is Strategy (MSTR) doing with its STRC preferred shares?

Strategy (MSTR) is using its STRC preferred equity to raise capital for buying Bitcoin. After STRC returned to its $100 par value, the company regained the ability to issue new shares and fund additional Bitcoin purchases.

Why does STRC returning to $100 matter for Strategy (MSTR)?

STRC trading at its $100 par value allows Strategy to issue shares efficiently through its at-the-market (ATM) program. This is critical because it enables the company to continuously raise funds at favourable pricing to accumulate more Bitcoin.

How fast did STRC recover after the ex-dividend drop?

STRC recovered to its $100 par value in nine trading days after the March 13 ex-dividend date. This is slightly faster than its historical average recovery time of around 10 trading days.

What is STRC and how does it work?

STRC is a perpetual preferred equity offering an 11.5% annual dividend paid monthly. Strategy adjusts the dividend yield to keep the share price near $100, increasing yield when prices fall and lowering it when demand is strong.

Why do STRC shares drop after the ex-dividend date?

STRC shares drop after the ex-dividend date because new buyers are not entitled to the next dividend payment. The price adjusts downward to reflect the payout already allocated to previous shareholders.

How does STRC help Strategy (MSTR) buy more Bitcoin?

By issuing STRC shares near $100, Strategy raises capital from investors. This capital is then deployed to purchase Bitcoin, making STRC a key funding tool for its crypto accumulation strategy.

How much Bitcoin did Strategy (MSTR) recently purchase?

Strategy bought 1,031 Bitcoin for $76.6 million at an average price of $74,326 per coin. This purchase was smaller than previous buys because STRC had not yet returned to par at the time.

What is Strategy’s total Bitcoin holding?

Strategy holds 762,099 Bitcoin acquired for approximately $57.69 billion. Its average purchase price across holdings is about $75,694 per Bitcoin.

Cryptocurrency

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Strategy’s STRC rebound speeds Bitcoin buying

Written by Brie CarterPublished Mar 27, 2026, 12:00 AM

Strategy’s STRC preferred equity rebounded to its $100 par value in nine trading days after going ex-dividend, slightly faster than its historical recovery pace.

The return to par allows the company to resume issuing shares through its at-the-market programme, unlocking fresh capital to fund additional bitcoin purchases.

The mechanism is central to Strategy’s accumulation strategy, as STRC pricing near $100 enables efficient fundraising tied directly to bitcoin buying.

STRC offers an 11.5% annual dividend and adjusts yield dynamically to keep the share price anchored around par, attracting demand when prices fall and moderating it when they rise.

The faster-than-average recovery highlights continued investor appetite for the instrument, which functions as a high-yield credit product linked to crypto exposure.

Strategy recently purchased 1,031 bitcoin for $76.6 million, though the size of the acquisition was smaller as STRC had not yet returned to par at the time.

The company now holds 762,099 bitcoin acquired for approximately $57.69 billion, reinforcing its position as the largest corporate holder of the asset.

At the time of reporting, Bitcoin price was $68,747.62.