Strategy Keeps STRC Near $100 While MSTR Falls 9% to $154

Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) is structured to trade near $100, while the company’s common stock has absorbed more of the market volatility tied to its Bitcoin holdings.

STRC provides dollar-denominated income and can be issued at a premium when it trades above $100. When the preferred stock falls below that level, Strategy can repurchase shares at a discount, potentially reducing future dividend obligations. The repurchases do not guarantee a price floor.

Strategy also separates funds reserved for dividends and interest from cash used for share repurchases or Bitcoin purchases. That structure keeps the same cash from being allocated to multiple purposes.

The dividend rate can change. Strategy kept STRC’s annualized dividend rate at 12% throughout October 2026. A higher rate may attract buyers but also increases the company’s payment obligations.

The structure faced pressure in June, when STRC fell below $80. Repurchases helped move the shares back into the high $90s by mid-September.

MSTR had recently traded near $170. As of 11:30 p.m. ET Sept. 30 (03:30 UTC Oct. 1), MSTR was at $154, down 9%. MSTR briefly rose to $163 before sellers pushed it lower within an hour.

MSTR’s relative strength index was 41, while its Chaikin Money Flow reading was -0.24. The indicators measure recent price momentum and buying or selling pressure, respectively.

During the week ended Sept. 27, Strategy allocated $103.5 million to STRC repurchases and sold 1,469,165 MSTR shares through an at-the-market offering. The share sales generated $246.2 million in net proceeds.

Strategy reported $5.02 billion in its USD Reserve and $1 billion in USD Cash as of Sept. 27. The company’s recent STRC repurchases and reserve disclosures provide further details on the transactions.