Strategy's STRC Stock Nears $100 Boosting Bitcoin Buying Potential

Strategy's STRC preferred stock is nearing a critical $100 threshold, a level that could unlock fresh capital for Bitcoin acquisitions. STRC, a key vehicle for Strategy's Bitcoin purchases, has been trading below its $100 peg since May 2025 but is now just 0.6% away from reclaiming it. Historically, when STRC trades at or above $100, Strategy has made billion-dollar Bitcoin buys, making this a significant chart to watch in the crypto space.

The $100 mark is crucial because it would allow Strategy to tap into a new source of funding without issuing additional MSTR common shares. STRC is a preferred stock with a 12% annualized variable dividend at the $100 price level. Strategy has avoided issuing new STRC shares below par, instead engaging in share buybacks while the stock was below $100.

STRC's recent performance shows a remarkable turnaround. After dropping to an intraday low of $71.25 in June 2026, the stock has rebounded, hitting $98.51 on September 18 and $99.56 on September 29. As of October 2, STRC was trading at $99.41, up 40% from its June low. While reaching $100 doesn't automatically trigger Bitcoin purchases, it makes STRC a more attractive funding source for Strategy's crypto acquisitions.

For example, the initial issuance of STRC in July 2025 raised around $2.47 billion, which was used to buy 21,021 BTC for approximately $2.46 billion. With roughly $17.5 billion of remaining capacity in its at-the-market program as of October 4, STRC's return to $100 could pave the way for more significant Bitcoin buys in the future.