₿ Strategy's STRC Reopens Bitcoin Funding Channel After 170-Day Pause.
Strategy's preferred stock STRC has reportedly resumed generating capital for Bitcoin purchases after more than 170 days without meaningful issuance activity. On November 5, Bitcoin Treasuries estimated that funds raised through STRC were sufficient to purchase more than 120 BTC, signaling a potential revival of one of Strategy's key Bitcoin financing channels.
The development follows STRC's recovery to its $100 par value on November 4, its first return to that level since May. Strategy had previously indicated that it intended to issue new STRC shares through its at-the-market (ATM) program only when the preferred stock traded at or above $100. The company had also repurchased approximately $2.25 billion of STRC between July and November 1 while maintaining its 12% annualized dividend rate.
The potential restart could strengthen Strategy's ability to accumulate Bitcoin without relying entirely on common stock issuance. However, the estimated fundraising does not yet establish the exact number of newly issued shares or confirm a completed Bitcoin purchase. Investors will be watching whether STRC can sustain its position around $100 and whether renewed issuance translates into consistent BTC accumulation
$STRC
$BTC
#StrategySTRCResumesIssuanceAfterOver170Days
Strategy's preferred stock STRC has reportedly resumed generating capital for Bitcoin purchases after more than 170 days without meaningful issuance activity. On November 5, Bitcoin Treasuries estimated that funds raised through STRC were sufficient to purchase more than 120 BTC, signaling a potential revival of one of Strategy's key Bitcoin financing channels.
The development follows STRC's recovery to its $100 par value on November 4, its first return to that level since May. Strategy had previously indicated that it intended to issue new STRC shares through its at-the-market (ATM) program only when the preferred stock traded at or above $100. The company had also repurchased approximately $2.25 billion of STRC between July and November 1 while maintaining its 12% annualized dividend rate.
The potential restart could strengthen Strategy's ability to accumulate Bitcoin without relying entirely on common stock issuance. However, the estimated fundraising does not yet establish the exact number of newly issued shares or confirm a completed Bitcoin purchase. Investors will be watching whether STRC can sustain its position around $100 and whether renewed issuance translates into consistent BTC accumulation
$STRC
$BTC
#StrategySTRCResumesIssuanceAfterOver170Days