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Strategy’s perpetual preferred stock, STRC, returned to its $100 par value during Friday’s trading session, a move that could enable the company to raise additional capital for future Bitcoin purchases. The rebound followed a typical post-dividend pattern, coming after 10 trading sessions since the last ex-dividend date.
Yahoo Finance data shows STRC closed at $99.99 on May 8 before rising to $100 in after-hours trading. During the session, the stock traded in an extremely tight range of $99.97 to $99.99, indicating far less volatility than many crypto-linked equities.
The preferred stock currently offers an annual dividend yield of 11.5%, paid out monthly. The next ex-dividend date is scheduled for May 15, 2026.
Despite the narrow price movement, STRC attracted substantial activity, with trading volume of approximately $218 million.
Strategy introduced STRC with a mechanism intended to keep the preferred stock’s value close to its $100 target. The company adjusts dividend payouts based on market performance: if the stock trades below par value, the yield increases to attract buyers.
Executive Chairman Michael Saylor has previously said the company could even sell Bitcoin to support dividend payments if needed.
Keeping STRC near par value matters because it allows Strategy to issue additional shares more efficiently and use the proceeds to fund further Bitcoin acquisitions. Since March, the company has reportedly raised more than $1.5 billion through STRC sales, contributing to STRC’s estimated $5 billion valuation.
Speculation is increasing that Strategy may soon resume Bitcoin buying. The company paused purchases after acquiring $255 million worth of BTC on April 27. Saylor has hinted that new acquisitions may restart soon, and many investors are expecting a fresh Bitcoin purchase announcement on Monday, May 11, based on the company’s recent buying patterns.
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