Bitcoin Strategy Hits $100 Milestone
Key Summary
Strategy's preferred stock, STRC, is nearing the $100 level, a significant threshold that could unlock new capital for the company's Bitcoin treasury. This would enable Strategy to grow its cryptocurrency position without issuing more MSTR common shares. The $100 price level is crucial as it yields a 12% annualized dividend, making it an attractive source of capital. Strategy has $17.5 billion of remaining capacity in its at-the-market program, which could be used to buy Bitcoin. Historically, STRC has played a role in funding large Bitcoin purchases, with the company's original issuance of STRC raising $2.47 billion in 2025, followed by a $2.46 billion purchase of 21,021 BTC.
STRC Preferred Stock Reaches $100: Strategy's STRC preferred stock is closing in on the critical $100 level.
The milestone marks a significant development in the company's strategy to capitalize on the growing demand for Bitcoin and other cryptocurrencies.
As STRC approaches $100, investors and analysts are eagerly awaiting its potential implications for the market.