WuBlockchain
Strategy's perpetual preferred stock STRC briefly touched $100 on November 4, its first time at that level since May. The price marks the minimum at which the company currently intends to issue new shares through its at-the-market program.
Why it matters
Strategy repurchased approximately $2.25 billion of STRC between July and November 1. SEC filings show it used $5.46 billion in net STRC ATM proceeds to buy Bitcoin in Q2 2026, but made no STRC ATM sales in Q3.
Market impact
With $17.51 billion still available under the program as of November 1, STRC's return to $100 could make renewed issuance possible and reopen a funding route for Bitcoin purchases. The latest filing, however, reported no new STRC sales, so the price milestone has not yet translated into fresh issuance.
Frequently asked questions
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Why is $100 significant for Strategy's STRC?
It is the minimum price at which Strategy currently intends to issue new STRC shares through its at-the-market program.
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When did STRC last reach $100 before November 4?
STRC last reached $100 in May, before briefly touching that level again on November 4.
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How much STRC did Strategy repurchase between July and November 1?
Strategy repurchased approximately $2.25 billion worth of STRC during that period.
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How did Strategy use STRC ATM proceeds in Q2 2026?
SEC filings show Strategy used $5.46 billion in net proceeds from STRC ATM sales to purchase Bitcoin in Q2 2026.
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Has Strategy resumed STRC ATM sales?
The latest filing reported no new STRC sales. The $100 price level could make renewed issuance possible, but no new sales were reported.
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