Overview
- STRC, the high-yield preferred that Strategy uses to finance bitcoin acquisitions, traded back to its $100 par after the latest ex-dividend drop, reopening the window for at-the-market issuance.
- CEO Phong Le said retail investors now hold about 80% of STRC versus roughly 40% of the company’s common stock, showing who is most exposed to the funding channel.
- The company has raised more than $1.5 billion this month through STRC sales to buy bitcoin, and Bloomberg reported about $1.2 billion of those proceeds financed one recent purchase.
- STRC pays a variable monthly dividend that stood at 11.5% in March and is engineered to hover near $100 by adjusting the payout, which lets Strategy sell new shares when the price is at or above par.
- Company materials described plans to expand fundraising capacity through stock and Stretch-related programs, signaling that preferred issuance will remain central to its bitcoin accumulation strategy.