Strategy STRC Preferred Shares Hover Near $100 as Bitcoin-Backed Financing Model Holds Strong in 2026

• Why Are Strategy STRC Preferred Shares Nearing $100?
• How Does Strategy’s Bitcoin-Backed Financing Work?
• What’s Driving the Capital Activity?
• FAQ: Your Top Questions Answered

Strategy STRC’s preferred shares are inching closer to the $100 mark, backed by Michael Saylor’s innovative Bitcoin-collateralized financing model. With recent BTC purchases and a robust dividend yield, the company’s unique approach offers investors a high-reward, low-dilution opportunity. Here’s a DEEP dive into the numbers, market activity, and what it means for stakeholders.

Why Are Strategy STRC Preferred Shares Nearing $100?

Strategy STRC’s preferred shares traded at $99.89 recently, marking a 0.22% increase. If this trend continues, the shares could hit $100 within the next nine trading days—a level last seen in early November 2025, when the stock held parity for four days, triggering $100 million in market sales. According to TradingView data, the stock’s 30-day historical volatility stands at 12%, with an average trading volume of $51.3 million (down 2.16% month-over-month). The next key dates to watch are January 15 (record date) and January 31 (dividend payment).

How Does Strategy’s Bitcoin-Backed Financing Work?

Between December 29–31, 2025, Strategy added 1,287 BTC to its treasury, bringing its total holdings to 673,783 BTC. Simultaneously, its USD reserves grew by $62 million to $2.25 billion. The company’s model is straightforward: sell STRC shares with an 11% dividend yield, use proceeds to buy Bitcoin. For example, a $100,000 share sale funds 1 BTC purchase at $100,000, creating an $11,000 annual dividend obligation. If BTC hits $1 million in five years, the $55,000 total dividends paid WOULD be dwarfed by a $900,000 capital gain ($845,000 net). As Michael Saylor noted, “The 11% dilution is trivial compared to Bitcoin’s upside potential.”

What’s Driving the Capital Activity?

STRC’s current notional value is $2.96 billion, with $4.04 billion in available preferred share issuance capacity across subsidiaries (STRF: $1.62B, STRK: $20.34B, STRD: $4.01B). Notably, zero preferred shares were sold in late December. Meanwhile, 1.26 million MSTR Class A common shares were sold for $195.9 million, leaving $11.5 billion in remaining issuance capacity. From January 1–4, 2026, another 735,000 MSTR shares raised $116.3 million. “The idle issuance capacity signals strategic flexibility,” observed a BTCC market analyst.

FAQ: Your Top Questions Answered

How does Strategy’s dividend compare to traditional yields?

At 11.01%, STRC’s variable dividend significantly outpaces the S&P 500’s average 1.5% yield, though it carries higher risk due to Bitcoin’s volatility.

Could Bitcoin’s price drop make this model unsustainable?

Yes—if BTC underperforms the 11% dividend rate, shareholders face dilution. However, Strategy’s $2.25 billion USD reserve acts as a buffer.

Why no preferred share sales in December?

Likely due to year-end tax strategies or awaiting optimal BTC entry points. The $62 million USD reserve increase suggests selective deployment.