Strategy has $785 million left to close STRC’s final $5 gap after selling $213 million in Bitcoin

A notable development has hit the crypto markets. Strategy’s preferred stock STRC is steadily moving back toward its $100 target as the Bitcoin treasury company increases its purchases of the shares. live showed that STRC traded around $95 on Monday, extending a recovery from its late-June low of about $74 as Strategy combined open-market repurchases with a 12% annualized dividend to narrow the security’s discount. Over the past three weeks, Strategy has acquired roughly 2.

3 million STRC shares worth approximately $214. Its latest purchase was also the largest, with the company spending $108. 1 million shares during the week ended Aug.

Market Dynamics

That followed earlier purchases of $25 million and $81. Strategy’s STRC preferred stock climbed to $95. 05 as the company repurchased about $214.

8 million of shares over three weeks. Source: Strategy still has $785. 2 million available under the $1 billion Digital Credit Securities Repurchase Program it authorized in June.

Related Reading MSTR jumps after Strategy says it may sell more Bitcoin to fund dividends and buybacks MSTR rose after the company unveiled a plan to defend its capital structure with cash reserves, higher dividends and possible Bitcoin sales. Jun 29, 2026 Oluwapelumi Adejumo Bitcoin sales increasingly fund STRC buybacks In the past weeks, Strategy has increasingly turned to its Bitcoin treasury to finance the STRC purchases. During the week ended Aug.

Market Impact

9, the company sold 1,690 BTC for $108. 6 million at an average price of $64,262. The transaction followed a similar move a week earlier, when Strategy sold 1,638 BTC for $104.

3 million of those proceeds went toward an $81. 2 million STRC repurchase, with MSTR issuance providing the remainder. Together, Strategy has sold 3,328 BTC for about $213.

3 million over the past two weeks while spending $189. 8 million on STRC during the same period. The latest sale reduced Strategy’s Bitcoin holdings to 840,447 BTC from 842,138 BTC a week earlier.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.