STRC Preferred Share Traders Face Financing Costs Below $100 Par

Sarcos Technology and Robotics stock has remained closely tied to Strategy's preferred STRC share, which is currently trading below its $100 par value. As of late August 2026, STRC was priced at $97.33, a 12-month low of $71.25, and had reached an intraday high of $98 on August 29.

The preferred STRC share serves as a key financing tool for Strategy in its Bitcoin-focused balance sheet strategy. It offers a 12% dividend and is structured to trade at $100 par value. However, when trading below this level, it increases the issuer's financing costs due to ongoing buybacks aimed at supporting the price.

Strategy has been actively managing its Bitcoin holdings and preferred equity concurrently. In late July and early August 2026, Strategy sold 1,638 bitcoin at an average price of $63,957, using half of the proceeds for preferred dividends and the other half for repurchasing STRC near $89 against its stated value.