Strategy’s executive chairman Michael Saylor confirmed his unwavering commitment to restoring $STRC’s price to its $100 par value. The company has already deployed $25 million of its $1 billion authorized buyback program to repurchase nearly 289,000 shares, signaling a strong resolve to support the preferred equity instrument’s value.
Buybacks in Action and What $STRC Represents
$STRC is part of Strategy’s Digital Credit Securities, a preferred equity product carrying a 12% dividend yield. Launched as a key element of Strategy’s capital markets approach, $STRC aims to attract investors seeking income and stability. Saylor emphasized that Strategy will not issue new $STRC units below par price. Instead, the firm is proactively absorbing shares via buybacks to drive price appreciation and reduce supply.
So far, the company repurchased shares at an average cost of $86.52, with $975 million of buyback capacity still available. This sizable program was announced in late June 2026 alongside an equivalent $1 billion authorization to repurchase Class A common stock.
Bitcoin Reserves Provide a Backstop for Buybacks
Strategy holds close to 845,000 Bitcoin, making it one of the largest corporate holders worldwide. This massive Bitcoin treasury serves as a financial backstop, giving the company flexibility to monetize assets if needed to fund buybacks or cover dividends. Since rebranding from MicroStrategy to Strategy in early 2025, the company has shifted its focus toward capital markets with Bitcoin as its core asset.
The remaining buyback budget could absorb a sizable volume of $STRC shares if prices stay below par, helping to stabilize or push the price higher. Combined with the strong 12% dividend, this buyback program might appeal to income-focused investors looking for yield backed by a firm Bitcoin treasury.
This material is for informational purposes only and does not constitute financial advice.
