Overview
- Strategy kept the monthly payout on its STRC preferred at 11.5% on Wednesday, ending a streak of increases that began after the product launched in July 2025 with a 9% yield.
- The company has paused bitcoin purchases after a 13‑week buying run and now holds about 762,099 BTC at an average cost near $75,694 per coin.
- STRC traded essentially at its $100 par with a recent VWAP near $99.95, reflecting a mechanism where Strategy adjusts the monthly dividend to anchor the price near par.
- Management continues to lean on a reported $42 billion at‑the‑market program split between common stock and STRC, even as the firm carries more than $5.5 billion in unrealized losses on its bitcoin stake.
- Independent analysis estimated a 3.12 Sharpe Ratio for STRC over a recent stable window, a result driven by the 11.5% cash yield and tight price range that analysts caution remains unproven across full market cycles.