On July 31, 2026, Michael Saylor made it clear that Strategy’s $STRC preferred stock won’t rely solely on buybacks to reach its $100 par value. Instead, the executive chairman wants the market itself to drive trading near par through organic demand.
Currently, $STRC trades between $85 and $87, about 13% to 15% under the $100 target. This discount is due to recent market shifts, not fundamental issues with the security. With a 12% dividend rate, the yield is attractive for new investors at these prices.
Saylor emphasized that Strategy will not issue new $STRC shares below par, underlining a commitment to maintaining value. The company’s June 2026 capital management plan allows up to $2 billion in buybacks, with $1 billion dedicated to preferred stock like $STRC.
In late July, Strategy repurchased nearly 289,000 $STRC shares at an average price of $86.52, spending about $25 million. That leaves $975 million available for future preferred stock buybacks. The plan also includes selective Bitcoin sales to manage liquidity and capital structure, leveraging their 843,000+ BTC holdings.
Strategy holds a $3.75 billion USD reserve enough to cover preferred dividends for over two years backed by its substantial Bitcoin assets. This financial cushion supports the company’s goal of stable, low-volatility preferred stock appealing to investors seeking steady income linked to their Bitcoin strategy.
This material is for informational purposes and does not constitute financial advice.
