# Strategy’s STRC Still Below $100 More Than Five Months After May 15 Drop By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/36298 Published: 2026-10-21T03:43:30.000Z Updated: 2026-10-21T03:43:30.000Z Section: Investing > Strategy repurchased $193.1 million of STRC from Oct. 12–18, following $192.4 million in purchases the previous week. Strategy’s STRC preferred shares remained below their $100 stated amount on Oct. 20, more than five months after a May 15 drop, despite continued repurchases by the company. Strategy repurchased $193.1 million of STRC from Oct. 12–18. The previous week, it [spent $192.4 million on STRC repurchases and $21.5 million on Bitcoin (BTC) purchases]() — about 8.95 times as much on the preferred shares. The company began repurchasing STRC in late July under a preferred stock buyback program. STRC’s dividend rate can be adjusted monthly to support trading near $100, but the repurchases have not returned its price to that level. Strategy CEO Phong Le has said repurchases below $100 “can reduce future preferred dividend requirements at a discount.” That explains the financial benefit to the company even while STRC trades below its stated amount. Strategy is scheduled to report third-quarter results Oct. 29. ## Links in this article - [spent $192.4 million on STRC repurchases and $21.5 million on Bitcoin (BTC) purchases](https://www.tokenpost.com/news/investing/31041)