Strategy CEO Invests $1M in STRC Stock as Bitcoin Treasury Expands

Strategy President and CEO Phong Le has demonstrated strong confidence in the company’s STRC preferred stock by purchasing $1 million worth of shares. The announcement came as STRC continued trading below its intended $100 par value, a level that is critical to Strategy’s Bitcoin acquisition strategy.

In a post on X, Le revealed, “I bought $1 million of $STRC today. Will hold it until it reaches par, likely longer.” Following the statement, STRC shares rebounded from the day’s lows and gained 1.46%, closing at $89.88. The recovery followed a sharp decline that had pushed the preferred stock below $83.

The performance of STRC has attracted significant attention because the security plays a key role in Strategy’s Bitcoin treasury model. When STRC trades above its $100 par value, the company can issue additional shares through its at-the-market (ATM) program and use the proceeds to purchase more Bitcoin. With the stock trading below par, that funding mechanism has become less effective.

To support shareholder value, Strategy has introduced several adjustments to the preferred stock in recent months. One notable change was the shift from monthly dividend payments to a semi-monthly schedule, a proposal approved by both MSTR and STRC shareholders.

Investor concerns intensified after Strategy disclosed its only known Bitcoin sale in late May. Regulatory filings showed the company sold 32 BTC for approximately $2.5 million to help meet dividend obligations linked to STRC.

Meanwhile, Strategy reported a stronger liquidity position, announcing that its U.S. dollar reserves increased to $1.4 billion, roughly $300 million higher than previous levels. According to the company, these reserves will help maintain the credit quality of its Digital Credit securities while supporting future dividend and debt obligations.

Recent filings also revealed that Strategy sold 2.71 million MSTR shares last week, generating nearly $335.5 million. Additionally, Executive Chairman Michael Saylor disclosed the purchase of another 520 Bitcoin worth approximately $35 million at an average price of $67,068 per BTC. The company’s total Bitcoin holdings now stand at 847,363 BTC, reinforcing its position as the largest corporate holder of Bitcoin.