MicroStrategy’s STRC Preferred Stock Surges 30%, Eyes $100 Par Value Amid Strategic Bitcoin Sales & Cash Buildup

MicroStrategy (MSTR), the world’s largest corporate holder of Bitcoin, has seen its perpetual preferred stock, STRC, stage a robust comeback. Following a period of Bitcoin price stabilization, coupled with the company’s proactive stock repurchases and expansion of its U.S. dollar cash reserves, STRC has climbed over 30% from its June low. This impressive rebound has reignited market speculation about the preferred stock’s potential return to its $100 par value.

STRC Rebounds Over 30% From Lows, Currently Trading Around $94

MicroStrategy’s perpetual preferred stock, trading under the ticker STRC, has demonstrated a consistent upward trend recently, with shares currently hovering around $94. The stock even saw an approximate 1% increase during Wednesday’s trading session.

This recovery is particularly notable given STRC’s performance in late June when Bitcoin experienced a sharp decline below $60,000, pushing STRC’s price down to $71. As broader market sentiment has improved, STRC has successfully climbed over 30% from that trough.

MicroStrategy Executes Three Bitcoin Sales, Cashing Out $321 Million

Since June, MicroStrategy has strategically divested a total of 5,226 Bitcoins across three separate transactions, generating $321 million in cash. This move has adjusted the company’s total Bitcoin holdings from 847,363 to approximately 842,137 BTC.

MicroStrategy clarified that these Bitcoin sales were intended to demonstrate the company’s financial flexibility and its capacity to utilize its Bitcoin assets to cover dividend payments, rather than simply holding them as static, long-term investments.

Strategic STRC Repurchases and Cash Reserves Bolstered to $4 Billion

Beyond its Bitcoin sales, MicroStrategy has actively supported STRC’s price through significant share repurchases, acquiring approximately $106 million worth of STRC to date. This initiative is geared towards gradually guiding the stock price back to its $100 par value.

Furthermore, MicroStrategy announced an additional $250 million increase in its cash reserves on Monday, bringing the company’s total cash position to a substantial $4 billion. This substantial liquidity is sufficient to cover approximately 2.3 years of dividend payments for its preferred stock. Crucially, MicroStrategy has affirmed its commitment to maintaining STRC’s attractive 12% annualized dividend yield.

The company’s proactive financial restructuring, combined with the recent stabilization of Bitcoin’s price, has played a vital role in restoring market confidence. Bitcoin has consistently held above the $60,000 mark for several weeks. While a strong upward rally has yet to materialize, the cessation of its previous downward trajectory has provided a critical foundation for STRC’s resurgence.

Can STRC Reclaim the $100 Mark?

During its second-quarter earnings call, MicroStrategy referenced STRC’s historical performance following its Initial Public Offering (IPO). The stock had previously dipped to around $90 in July 2025 before taking 70 trading days to recover to its $100 par value.

Applying a similar time frame from STRC’s fall below its target price range in late May this year, MicroStrategy projects that STRC could potentially return to the $100 threshold by September 8 this year. However, the company acknowledges that this remains a unilateral projection based on historical patterns, and the willingness of Wall Street capital to validate this forecast remains subject to market dynamics.

MicroStrategy candidly admitted that while historical trends offer a guide, the ultimate trajectory of the stock price will fundamentally depend on overall market performance and prevailing investor sentiment.