STRC Returns to Par Value, Enabling Fresh Bitcoin Buys

Strategy's STRC perpetual preferred equity has returned to its $100 par value after a nine-day recovery, giving the company the ability to issue new shares and raise fresh capital for additional Bitcoin purchases.

This is significant because it allows Strategy to continue buying Bitcoin at current market prices. The rebound came in slightly ahead of STRC's historical average, which typically takes around 10 trading days to reclaim par after an ex-dividend drop.

The product currently pays a monthly dividend of 11.5% and has raised over $1.5 billion through STRC so far in March, representing approximately 33% of the product's total market cap. This is not surprising given that retail investors make up roughly 80% of STRC holders.

Strategy CEO Phong Le noted this preference among retail investors for low-volatility, high-yield instruments. In contrast, MSTR is better suited for sophisticated investors comfortable with a leveraged, non-yielding Bitcoin proxy, according to Mark Palmer, equity research analyst at Benchmark-StoneX.