Strategy’s STRC preferred stock has climbed more than 30% from its late-June low, helped by bitcoin sales, buybacks and a larger cash reserve. The rebound comes as bitcoin has stabilized above $60,000 after earlier weakness pressured the security.
Strategy’s STRC preferred stock has climbed more than 30% from its late-June low, helped by bitcoin sales, buybacks and a larger cash reserve. The rebound comes as bitcoin has stabilized above $60,000 after earlier weakness pressured the security.
Strategy’s perpetual preferred stock, STRC, has rebounded more than 30% from its late-June low and was recently trading near $94, according to CoinDesk. The recovery follows company actions including bitcoin sales, STRC repurchases and an expanded U.S. dollar reserve.
Strategy’s perpetual preferred stock, STRC, has rebounded more than 30% from its late-June low and was recently trading near $94, according to CoinDesk. The recovery follows company actions including bitcoin sales, STRC repurchases and an expanded U.S. dollar reserve.
The move matters because STRC’s price reflects investor confidence in Strategy’s ability to support its preferred securities and dividend obligations. The company has maintained STRC’s annualized dividend rate at 12%, while building liquidity that CoinDesk said provides about 2.3 years of dividend coverage for its preferred securities.
STRC had fallen to around $71 in late June as bitcoin dropped below $60,000. Since then, Strategy sold 5,226 BTC for $321 million across three transactions, reducing its bitcoin holdings from 847,363 BTC to about 842,137 BTC. CoinDesk reported that the sales were intended in part to show that bitcoin can be used to meet dividend obligations rather than remain an idle balance-sheet asset.
Strategy has also repurchased $106 million of STRC as it works to move the preferred stock closer to its $100 stated value. On Monday, the company added another $250 million to its U.S. dollar reserve, bringing the total reserve to $4 billion.
Bitcoin’s stabilization has also helped the backdrop. CoinDesk noted that BTC has held above $60,000 for several weeks, reducing one source of pressure on STRC after the preferred stock weakened during bitcoin’s earlier decline.
The company has pointed to a previous STRC recovery timeline after its initial public offering, when the security took 70 trading days to reach par after trading at $90 in July 2025. Applying that same timeframe from late May, Strategy has identified Sept. 8 as a possible date for STRC to return to $100, though the outcome remains dependent on market conditions.
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