Strategy has regained momentum after its STRC perpetual preferred stock returned to its important $100 par value during Friday’s trading session. The recovery is fueling speculation that the company could soon restart large-scale Bitcoin purchases under the leadership of Michael Saylor.
The return to par value is considered significant because it improves Strategy’s ability to issue additional shares and raise fresh capital that could potentially be used for future Bitcoin acquisitions.
According to market data, STRC closed at $99.99 on May 8 before moving back to $100 in after-hours trading. The preferred stock currently offers monthly dividend payments with an annualized yield of roughly 11.5%, while its next ex-dividend date is scheduled for May 15, 2026.
Trading activity in STRC remained relatively stable throughout the session, with the stock moving within a very tight range between $99.97 and $99.99. Unlike many crypto-related equities that experience sharp volatility, STRC maintained steady price action while still generating impressive liquidity of approximately $218 million.
Strategy originally introduced STRC as a preferred equity product designed to maintain a relatively stable face value through adjustable dividend payouts. If the stock trades below the $100 target, the dividend yield can increase to attract buyers and support demand.
Michael Saylor previously explained that the company could even consider selling Bitcoin if necessary to maintain dividend obligations associated with the product. At the same time, Strategy retains the flexibility to reduce payouts if shares trade above par value and excessive buying pressure emerges.
Maintaining the stock near its target value is critical because it allows the company to continue raising capital efficiently. The proceeds can then be redirected toward additional Bitcoin investments and broader treasury expansion strategies.
Since March, Strategy has reportedly raised more than $1.5 billion through STRC share sales. The preferred stock product is now estimated to hold a market value of around $5 billion.
Company CEO Phong Le revealed that retail investors account for roughly 80% of STRC ownership, significantly higher than the approximately 40% retail participation seen in the company’s common stock, MSTR. Based on current estimates, retail investors now hold close to $4 billion worth of STRC shares.
The renewed attention around STRC also comes after Strategy temporarily paused Bitcoin purchases last week. Prior to the pause, the company had acquired approximately $255 million worth of BTC on April 27.
However, Saylor recently hinted that the break in accumulation could be temporary, suggesting that Bitcoin buying activity may resume during the current week. Many market participants now expect another acquisition announcement following the company’s recent purchasing pattern.
The temporary slowdown coincided with STRC trading below par value for several sessions, limiting the company’s ability to efficiently raise capital through the preferred stock offering. During that period, the proceeds generated through the STRC at-the-market program were reportedly enough to purchase only slightly more than 8 BTC.
Despite the slower pace, industry observers believe Strategy may soon return to larger Bitcoin acquisitions if the stability in STRC continues and capital-raising conditions improve.
