Strategy’s STRC Preferred Shares Near $100 as Bitcoin-Backed Financing Model Holds Strong in 2026
- How Does Strategy’s STRC Preferred Stock Integrate Bitcoin?
- What’s Driving STRC’s Capital Activity?
- Why Is the Market Bullish on STRC’s Model?
- FAQs: STRC Preferred Shares and Bitcoin Financing
Strategy's STRC preferred shares are trading close to $100, reflecting investor confidence in its Bitcoin-integrated financing model. The company’s recent BTC acquisitions and dividend yields highlight a unique approach to leveraging cryptocurrency for capital growth. With a 11% dividend yield and a $2.25 billion USD reserve, Strategy’s model thrives on Bitcoin’s outperformance. This article dives into the mechanics of STRC’s structure, capital activities, and why this hybrid model is turning heads in 2026.
How Does Strategy’s STRC Preferred Stock Integrate Bitcoin?
Strategy’s STRC preferred shares are a rare breed—they blend traditional equity with bitcoin exposure without requiring direct BTC liquidation. Between December 29 and 31, 2025, Strategy added 1,287 BTC to its reserves, bringing its total holdings to 673,783 BTC. Simultaneously, its USD reserves grew by $62 million to $2.25 billion. This dual-reserve system supports STRC’s 11% variable dividend, which has an effective yield of 11.01% and a 30-day historical volatility of 12%. The kicker? Strategy can sell STRC shares at an 11% yield and use the proceeds to buy Bitcoin. For example, selling $100,000 worth of STRC funds the purchase of 1 BTC at $100,000, creating an annual dividend obligation of $11,000. Even if Bitcoin hits $1 million in five years, the dividend remains fixed at $55,000, leaving a net gain of $845,000 after accounting for payouts. In short, Strategy bets that Bitcoin’s appreciation will dwarf dividend costs—a gamble that’s paid off so far.
What’s Driving STRC’s Capital Activity?
STRC’s nominal value stands at $2.96 billion, with a 30-day average trading volume of $51.3 million (down 2.16%). The next ex-dividend date is January 15, 2026, with payouts due by January 31. Notably, STRC boasts a BTC leverage ratio of 6.2x. Between December 29 and 31, 2025, no preferred shares (STRC, STRF, STRK, or STRD) were sold, leaving substantial issuance capacity: $4.04 billion (STRC), $1.62 billion (STRF), $20.34 billion (STRK), and $4.01 billion (STRD). Meanwhile, Strategy sold 1.26 million Class A MSTR common shares, netting $195.9 million and freeing up $11.5 billion for future issuance. From January 1–4, 2026, another 735,000 MSTR shares were sold for $116.3 million, leaving $11.39 billion in untapped equity capacity. This flexibility lets Strategy pivot between equity and crypto markets as opportunities arise.
Why Is the Market Bullish on STRC’s Model?
The math is simple: If Bitcoin outpaces STRC’s 11% dividend yield, shareholders win. The model assumes BTC’s upside will offset fixed dividend costs—a thesis backed by Bitcoin’s historical performance. For context, a $100,000 STRC sale funds 1 BTC purchase; if BTC hits $1 million, the $900,000 capital gain dwarfs the $55,000 in dividends paid over five years. Strategy’s CFO summed it up: “The 11% dilution is a rounding error compared to Bitcoin’s potential.” Data from TradingView shows BTC’s annualized returns have consistently topped 11%, making STRC’s structure appealing for long-term crypto bulls. However, this isn’t risk-free—if BTC stagnates, dividends could erode returns.
FAQs: STRC Preferred Shares and Bitcoin Financing
What’s the dividend yield for STRC preferred shares?
STRC offers a variable dividend yield of 11.00%, with an effective yield of 11.01% as of January 2026.
How does Strategy use STRC sales to buy Bitcoin?
Proceeds from STRC sales are deployed to purchase BTC. For example, $100,000 in STRC sales funds 1 BTC at $100,000, creating an $11,000 annual dividend obligation.
What’s STRC’s BTC leverage ratio?
STRC’s BTC leverage ratio is 6.2x, reflecting its aggressive Bitcoin-backed financing strategy.
