Strategy’s STRC surges above $90 for first time since June 17

Strategy Inc’s preferred stock STRC opened above $90 this week for the first time since June 17, closing at $92.32 after hitting an intraday high of $92.80. For a security designed to hover near its $100 par value, that gap has been a source of concern for holders. Now the spread is narrowing, and Michael Saylor’s buyback strategy appears to be the catalyst. The move represents a meaningful recovery from STRC’s 52-week low of $71.25. What STRC actually is and why it matters STRC is a variable-rate perpetual preferred security designed to sit near $100, pay a high dividend, and not move around too much. The annual dividend yield clocks in at an estimated 10-12%, paid out semi-monthly. That’s the pitch: get economic exposure to Strategy’s bitcoin treasury activities without riding the full rollercoaster of BTC price swings. Strategy Inc, which rebranded from MicroStrategy back in August 2025, has built an entire product suite around this concept. STRC sits alongside STRK, STRF, and STRD, each offering different risk-return profiles tied to the company’s massive bitcoin holdings. Saylor has described STRC specifically as a “digital credit instrument” focused on pure yield. STRC’s slid...