Strategy’s STRC Preferred Stock Reclaims $100, Could Fuel More Bitcoin Purchases
Strategy’s (MSTR) perpetual preferred equity, STRC, surged to $100 in pre-market trading, its first time at that level since early November. The rebound may allow the company to raise additional funds for Bitcoin (BTC $90,637) acquisitions.
The short-duration, high-yield credit product previously traded near $100 between Nov. 4 and Nov. 13 before dipping to roughly $90. With the return to par, Strategy can now sell shares through at-the-market (ATM) offerings to fund further BTC purchases.
STRC pays an 11% annual dividend, distributed monthly, with rates adjusted monthly to encourage trading near par and reduce volatility. Since its July launch, the equity has gained 16%, offering an effective yield of around 11%.
This January marked the fifth dividend increase for STRC, with the rate raised to 11%. Strategy’s common stock rose 4% in pre-market trading to $165, while STRC edged up slightly to $100.
























