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Strategy’s STRC preferred shares traded at $100 on Wednesday, the first time since May they have reached that level, Bitcoin.com News reported. The move came days after the company began paying daily dividends on the security, following shareholder approval.
The stock touched $100 during Wednesday’s session, according to Google Finance data cited by Bitcoin.com News, extending a recovery from a June low of $71.25. The rebound followed months of buybacks and changes to STRC’s dividend structure intended to hold its price near the $100 mark.
Also read: Strategy Declares Conditional Daily STRC Dividends for November
Key facts
- STRC reached $100 on Wednesday, Nov. 4, 2026, its first time at that level since May, after climbing from a June low of $71.25.
- STRC carries a 12% annualized dividend rate, equal to $12 per share a year at a $100 stated value; shareholder approval of daily accruals came on Oct. 28 with 99.3% of votes cast, and the new system took effect Nov. 1.
- Strategy repurchased roughly $2 billion of STRC shares between Sept. 28 and Oct. 25, bringing year-to-date buybacks to approximately $2.04 billion, per Bitcoin.com News; Bitcoin Magazine put the total retired since the discount opened at about $2.25 billion, including $204.9 million spent on STRC in the week of Oct. 19.
- Bitcoin.com News reported that Strategy held a $68 billion bitcoin stockpile; Bitcoin Magazine reported 849,327 BTC as of the story, at an average cost of about $75,446, with the position about 4% above water near $78,300 on Wednesday.
- Bitcoin Magazine reported that STRC launched in July 2025 at $90 with a 9% starting rate, and that the company’s Oct. 29 filing set the November rate at 12% annualized, or $1 per share for the month.
What daily payouts changed
Before the switch, Strategy paid STRC dividends twice monthly, having moved from monthly payments earlier this year. Under the new arrangement, holders accrue dividends every calendar day, including weekends and holidays, with cash generally sent on the following business day. The company’s stated rationale is that daily payments can trim the price swings tied to ex-dividend dates, improve liquidity and appeal to income-focused investors.
Bitcoin Magazine reported that daily dividends were approved for STRC and three other preferred issues, and that removing the semi-monthly ex-dividend drops had reduced price volatility. The first daily payment went out Monday, Nov. 2.
Buybacks and the bitcoin treasury
STRC had traded at a discount to par for much of the year. Bitcoin.com News reported that Strategy bought back shares rather than adding bitcoin while the preferred sat below $100. Bitcoin Magazine described the preferred stack — STRC, STRF, STRK and STRD — as carrying annual dividends in the hundreds of millions, and reported that the quarter’s 5,552 BTC in sales went to fund those payouts and the buybacks. It also reported that Strategy paused bitcoin purchases in the week of Oct. 19 and spent $204.9 million on STRC alone, versus the $205 million approximate figure in Bitcoin.com News.
Bitcoin.com News reported the company held approximately $5.1 billion in U.S. dollar assets as of Oct. 25, including reserves for preferred dividends and debt payments. Bitcoin Magazine’s account also noted a negative year-to-date BTC yield and a chief financial officer stepping down.
Why it matters
Crossing $100 restores the price at which Strategy says it will sell new STRC shares through its at-the-market offering, the mechanism that funds bitcoin purchases. While STRC traded below par, that program sat idle and the company spent cash shrinking its dividend obligations instead. A return to par gives Strategy the option to issue preferred stock again rather than selling coins to cover distributions. Both outlets noted the change does not force any action: new issuance and bitcoin purchases remain subject to management decisions and market conditions.
What to watch
Whether Strategy reopens the at-the-market program now that STRC is at par, and whether buyers absorb new preferred supply. The dividend rate is also a signal: Bitcoin.com News reported the company intends to hold 12% until the stock shows sustained stability around $100.
This article is not financial advice; preferred shares and crypto markets are volatile and can move sharply.
Reported by Bitcoin.com News.
Sources: Bitcoin.com News, Bitcoin Magazine