STRC News & Analysis
4 articles
Market Mood
Stretch (STRC) Preferred Stock Hits $82.53, Lowest Since Debut
Stretch (STRC), the Bitcoin-buying firm’s preferred stock, reached a low of $82.53, marking its lowest level since debuting in July 2022. It has previously traded at or above its $100 par value, raising billions in proceeds through new offerings. The stock currently delivers an annual dividend of 11.5%, attracting investors despite recent volatility. Some investors, including those holding positions of approximately $400,000 to $425,000, express concern about the stock's performance while still maintaining their investments.
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Strategy Holds $65 Billion in Bitcoin with 843,738 BTC
Strategy, a software firm that has transitioned to a Bitcoin treasury model, holds 843,738 BTC, approximately 4% of the total Bitcoin supply, valued at nearly $65 billion at a price above $76,500. The firm has made significant Bitcoin purchases over the years, with their largest being 55,500 BTC for $5.4 billion in November 2024. Following announcements of such purchases, Bitcoin has experienced price fluctuations, including a decline of about $4,000 after the largest purchase announcement. Strategy's co-founder, Michael Saylor, has committed to continuous buying, raising the average entry price to over $75,700 per Bitcoin.
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MSTR's Bitcoin Buy May Impact STRC Dividend Vote Outcome
Michael Saylor indicated a potential purchase of bitcoin by Strategy (MSTR), which currently holds 818,869 bitcoins valued at approximately $67.2 billion. The company is also urging investors to support a dividend change for its STRC preferred stock, proposing to allow semi-monthly payments instead of monthly ones. This change aims to improve liquidity and market efficiency without altering the annualized dividend rate. MSTR shares were trading at $177.42, while bitcoin (BTC) was priced at $78,375 per token at the time of publication.
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MicroStrategy (STRC) Plans Major Bitcoin Purchase as 8-K Filing Approaches
MicroStrategy (STRC) chair Michael Saylor suggested a significant Bitcoin acquisition, with a pending 8-K filing expected to reveal one of the company's largest buy weeks of 2026. Independent data indicates approximately 15,466 BTC were purchased over four trading days, coinciding with STRC preferred share volume reaching an all-time high of 15.1 million shares. MicroStrategy holds 818,869 BTC, with an average purchase price of $75,543 per coin. The company is also seeking to alter its dividend structure to shift from monthly to semi-monthly payments, potentially enhancing demand for its preferred shares and supporting ongoing Bitcoin investments.
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