$STRC Preferred Stock: Saylor's Plan for Liquidity and Stability

Strategy's executive chairman Michael Saylor has outlined his vision for the company's $STRC preferred stock, which involves cultivating a broad market ecosystem rather than relying on buybacks to reach its par value of $100. According to Saylor, Strategy is deliberately avoiding an over-reliance on buybacks and instead wants $STRC to trade with high liquidity and low volatility.

The goal is for investors who want stable income-generating exposure to Strategy's Bitcoin thesis without the extreme swings of common stock. Currently, $STRC is trading at around $85-$87, which is roughly 13-15% below its par value. Saylor has also drawn a clear line: Strategy will not issue new $STRC shares below the $100 par value.

The company has set aside up to $2 billion for buybacks, with $1 billion specifically earmarked for preferred securities including $STRC. In July 2026, Strategy repurchased 288,930 shares of $STRC for approximately $25 million, averaging $86.52 per share. With $975 million remaining under the preferred buyback authorization, the company has a significant buffer to support its strategy.