Sales of Bitcoin, a new $4 billion cash reserve, and a $975 million stock buyback program have fueled STRC's resurgence.
By James Van Straten|Edited by Stephen Alpher Aug 5, 2026, 2:44 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on STRC (TradingView)SummaryShow- STRC is currently trading at approximately $94, having surged more than 30% from its late-June low, while the company has already repurchased $106 million worth of preferred stock.
- Strategy has improved its dividend coverage through Bitcoin sales and a $4 billion cash reserve, while keeping the annualized dividend rate for STRC at 12%.
- Additionally, Bitcoin's price has stabilized above $60,000.
Strategy’s (MSTR) perpetual preferred stock, Stretch (STRC), has experienced a significant rise of over 30% since hitting a low in June, now trading around $94 after a 1% increase on Wednesday.
STRC reached its lowest point in late June at about $71, coinciding with Bitcoin dropping below $60,000. Since then, Strategy has sold 5,226 BTC for $321 million through three transactions, reducing its Bitcoin holdings from 847,363 BTC to around 842,137 BTC. These sales were partly aimed at showing that the company can utilize Bitcoin to fulfill dividend obligations, rather than letting it sit idle.
Furthermore, Strategy has repurchased $106 million of STRC as part of its strategy to return the preferred stock to its $100 stated value.
On top of that, the company boosted its cash reserves by another $250 million on Monday, raising the total to $4 billion. This amount equates to around 2.3 years of dividend coverage for its preferred securities. Meanwhile, Strategy has maintained STRC’s annualized dividend at 12%.
As for Bitcoin, its price has stabilized above $60,000 for several consecutive weeks, halting its decline.
During the second-quarter earnings call, the company explained that after the IPO of STRC, it took 70 trading days for the stock to reach par after trading at $90 in July 2025. If this same timeframe is applied from when STRC fell below its target range in late May, Strategy is looking at September 8 as a potential date for the preferred stock to regain its $100 par value. However, this remains uncertain, as market dynamics may differ.
STRC (Strategy)Bitcoin NewsRelated AssetsBitcoin$64,452.250.59%Latest Crypto News- 1Nomura’s Laser Digital backs ZIGChain for onchain private credit push in UAE1 hour ago
- 2Crypto may have institutionalized, but it still trades like a rumor mill2 hours ago
- 3Ondo Finance hires former Blockchain.com CFO Adam Schlisman2 hours ago
- 4Galaxy Digital shares slip 5% after second-quarter results
- 5AI agent token once worth $2.4 billion ends with founder calling it dead2 hours ago
- 6SpaceX extends decline to 11% on lockup expiration and capex spending fears2 hours ago
- 7Yellow Card raises $40 million to link banks to stablecoin processing2 hours ago
- 8The $120 million Coldcard hack lights up Bitcoin's memory pool3 hours ago
- 9Circle shares fall 3% despite earnings beat as stablecoin issuer misses on revenue3 hours ago
- 10Bitcoin, broader market fail to keep pace as global equities hit record highs3 hours ago
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
By CoinDesk ResearchJun 29, 2026Commissioned byBinanceBinance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
View Full ReportMore From Markets