Strategy's STRC Preferred Stock Nears $100, Unlocking New Bitcoin Buying Capacity

• —STRC traded at $99.41 on Oct. 2, up 40% from its June low of $71.25
• —The STRC at-the-market program had about $17.5 billion of remaining capacity as of Oct. 4
• —STRC carries a 12% annualized dividend at the $100 level; below par, Strategy has been buying back shares
• —Strategy's original STRC issuance raised $2.47 billion in July 2025, followed days later by a 21,021 BTC purchase for $2.46 billion