Strategy’s STRC Return to $100 Could Reopen a Powerful Bitcoin Buying Channel

By Isaac • November 6, 2026 12:00 am •

Strategy may have just reopened one of the most important spigots in its Bitcoin acquisition machine.

The company’s STRC preferred stock briefly returned to its $100 stated amount on November 4. Strategy’s current policy is not to issue new STRC shares below $100.

When the security trades under that mark, a potential source of capital for Bitcoin purchases is effectively shut off. At or above it, the door can open again.

CryptoSlate reported that STRC touched $100 before closing at $99.97. The move followed months in which Strategy spent roughly $2 billion repurchasing shares to support the preferred stock.

The company had about $18 billion of STRC still available for issuance and sale as of November