Strategy’s Michael Saylor doubles down on $STRC buyback commitment

Michael Saylor is not blinking. The executive chairman of Strategy, the Bitcoin treasury company formerly known as MicroStrategy, went on record this week reaffirming that $STRC will return to its par value of $100 and that the company stands ready to pour more capital into buybacks if the market tests that resolve. This is not just talk. Strategy has already put $25 million to work, repurchasing 288,930 shares of $STRC at an average price of $86.52 per share. That leaves $975 million sitting in the chamber from a $1 billion authorized buyback program. What is $STRC and why does par value matter $STRC is one of Strategy’s Digital Credit Securities, a category of preferred equity instruments the company has been building out as part of a broader capital markets strategy. It carries a 12% dividend. Saylor addressed this directly, stating that Strategy will not issue new $STRC below par. Instead, it is absorbing supply through buybacks to create upward price pressure. The $1 billion buyback program for Digital Credit Securities was formally announced on June 29, 2026. Strategy paired it with an equivalent $1 billion authorization for repurchases of its Class A common stock. Bitcoin tr...