Strategy’s STRC returns to $100, poised to unlock more bitcoin accumulation
STRC hits $100 par amid bitcoin downturn
The perpetual preferred STRC has returned to $100 par value amid a downturn in Bitcoin prices, enabling the company to potentially make further Bitcoin purchases.
Triggering renewed at-the-market offerings
As STRC reclaims its $100 par value, it has triggered renewed at-the-market (ATM) offerings, which are intended to fund additional Bitcoin accumulation.
Dividend structure and share value
- Each STRC share pays monthly cash dividends, initially set at 9.00% per year based on the $100 share value.
- The dividend rate is not guaranteed and may be adjusted in the future.
Implications for MicroStrategy’s strategy
STRC’s return to $100 par highlights the dual nature of MicroStrategy’s strategy: it enables aggressive Bitcoin accumulation while exposing the company to market volatility.