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Strategy's STRC preferred stock returns to $100 par value for first time since May

Strategy's perpetual preferred stock STRC touched its $100 par value on Nov. 4, 2026, reaching the milestone for the first time since May and potentially clearing the way to resume share sales to fund bitcoin purchases.

Candlestick price chart showing STRC trading from May to November, dipping to a low of $71.25 before recovering back to near $100.
Image: @DegenerateNews

Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, traded under the ticker STRC, climbed back to its $100 par value on Nov. 4, 2026, reaching that benchmark for the first time since May. Market data showed STRC reaching $100 on Nasdaq during afternoon trading, completing a rebound after trading under $80 during the summer and touching a low of $71.25.[1][2][7][8]

The return to par marks a key threshold for Strategy's capital strategy, as $100 is the minimum price at which the company currently intends to issue new shares under its at-the-market equity program, according to Wu Blockchain. Regulatory filings show Strategy used $5.46 billion in net proceeds from STRC sales to buy bitcoin during the second quarter of 2026 before halting sales in the third quarter. The company subsequently bought back roughly $2.25 billion of STRC shares between July and Nov. 1.[4][6]

With $17.51 billion in remaining capacity under its STRC program as of Nov. 1, returning to $100 could allow the firm to resume issuing preferred equity to fund additional bitcoin acquisitions, Crypto Briefing reported. The instrument currently carries a 12% annual dividend paid daily in cash, with dividend rates adjusted monthly to encourage trading near par value.[3][5][6]

Key facts

  • Strategy's perpetual preferred stock STRC reached its $100 par value on Nov. 4, 2026, for the first time since May.
  • $100 is the minimum price at which Strategy currently intends to issue new shares under its at-the-market program.
  • Strategy repurchased approximately $2.25 billion of STRC shares between July and Nov. 1, 2026.
  • Strategy used $5.46 billion in net proceeds from STRC sales to buy bitcoin in Q2 2026, followed by zero STRC sales in Q3 2026.
  • As of Nov. 1, 2026, $17.51 billion remained available under Strategy's STRC at-the-market program.
  • STRC traded under $80 in June and dropped to a low of $71.25 in July before recovering.

Sources · 8 sources

  1. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: Strategy's variable-rate perpetual preferred stock $STRC hit $100 today for the first time since May, as crypto markets continue to rise following Tuesday's U.S. midterm elections. "The case for holding Bitcoin crosses party lines," Chairman Michal Saylor said earlier Wednesday.

    Open source
  2. PI

    Pio@piovincenzo_Post on X ·

    Nice to see $STRC just hit $100 for the first time since May 14th You could have bought it when I was posting about it in June for UNDER $80 and been earning 12% yield How often do you get a 15% gain plus that kind of yield? https://t.co/9FFP6NcU2l

    Open source
  3. CB

    Crypto BriefingArticle ·

    Strategy’s Stretch preferred stock climbs back to $100 par value The return to par value enables Strategy to resume capital raising, potentially increasing Bitcoin holdings but with higher dividend costs. The post Strategy’s Stretch preferred stock climbs back to $100 par value appeared first on Crypto Briefing .

    Open source
  4. CB

    Crypto Briefing@Crypto_BriefingPost on X ·

    📈 NEW: Strategy's preferred stock $STRC climbs to $99.98, just two cents below its $100 par value for the first time since May. A return to $100 could allow Strategy to resume issuing STRC to fund bitcoin:native purchases after buying back more than $2B in shares since summer. https://t.co/qoUG8T8cKk

    Open source
  5. BC

    Bitcoin.com News@BitcoinNewsPost on X ·

    🚨🚨 BREAKING: Strategy's STRC returned to $100 for the first time since May following the shift to daily dividends. Will the treasury giant return to massive bitcoin buys soon? https://t.co/cnd11hWUR0

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  6. WB

    Wu Blockchain@WuBlockchainPost on X ·

    Strategy’s STRC Touches $100 for First Time Since May, Potentially Reopening Bitcoin Funding Strategy’s perpetual preferred stock STRC briefly touched $100 on November 4 for the first time since May, reaching the minimum price at which the company currently intends to issue new shares under its at-the-market (ATM) program. Strategy repurchased approximately $2.25 billion worth of STRC between July and November 1. SEC filings show that the company used $5.46 billion in net proceeds from STRC ATM sales to purchase Bitcoin in Q2 2026 but made no STRC ATM sales in Q3. With $17.51 billion remaining available under the program as of November 1, the return to $100 could pave the way for renewed STRC issuance to fund Bitcoin purchases, although the latest filing reported no new STRC sales.

    Open source
  7. CO

    CoinDesk@CoinDeskPost on X ·

    MARKETS: Strategy's Stretch Preferred ($STRC) is trading at par, reaching $100 per share for the first time since May. https://t.co/d4ZqedDzSX

    Open source
  8. DN

    DEGEN NEWS@DegenerateNewsPost on X ·

    BREAKING: @Strategy'S $STRC HITS $100 FOR FIRST TIME SINCE MAY https://t.co/rEkeIrVYhJ

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