Strategy’s $100 STRC comeback could turn a cash drain into fresh Bitcoin buying power
Summary
Strategy’s STRC preferred stock briefly reached its $100 target on Nov. 4, then closed at $99.97, potentially reopening a funding route for Bitcoin purchases. The company has avoided issuing STRC below $100 and instead spent about $2 billion on repurchases since July. A tracker estimated renewed sales may have funded roughly 191 BTC, but Strategy has not confirmed this. STRC pays a 12% annual dividend, and its price recovered soon after daily distributions began Nov. 1. Strategy held 849,327 BTC as of Nov. 1 and reported about $18 billion of STRC available for issuance. The financing model carries risk: issuers must sustain dividend costs, and Strategy’s buybacks show the pressure that can arise when investor demand weakens.
