Strategy’s STRC perpetual preferred stock returns to $100, may trigger more bitcoin buying

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Strategy’s STRC perpetual preferred stock returns to $100, may trigger more bitcoin buying The bitcoin treasury company's perpetual preferred equity, STRC, hit $100 for the first time since early November. By James Van Straten | Edited by Sheldon Reback Jan 7, 2026, 12:30 p.m. Make us preferred on Google STRC (TradingView) What to know : Stretch (STRC), the perpetual preferred equity issued by bitcoin treasury company Strategy (MSTR) reclaimed its $100 par value in pre-market trading on Wednesday. At that level, Strategy may sell more of the stock through at-the-market offerings to fund further BTC purchases. STRC, which pays an 11% dividend, last traded at par between Nov. 4 and Nov. 13. Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR), the largest corporate holder of bitcoin BTC $ 92,020.12 , reclaimed $100 in pre-market trading for the first time since early November, opening the doors for sales to fund more BTC purchases. STRC last traded at that level between Nov. 4 and Nov. 13, before falling to a low near $90. The return to par allows Strategy to issue shares through at-the-market (ATM) offerings tied to the product. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The equity is branded as short-duration, high-yield credit. It currently pays an 11% annual dividend , distributed monthly in cash. The dividend rate is reset monthly to encourage trading around the $100 par value and to help reduce price volatility. Since inception, STRC has risen 16% and offers an effective yield of roughly 11%. The annualized yield is calculated as the current dividend divided by the STRC share price. MSTR raised the dividend rate on STRC to 11% at the start of the year, marking the fifth dividend increase since the product was introduced in July. The company's common stock is up 4% in pre market trading to $165, while STRC is up 0.03% at $100. Bitcoin News MicroStrategy equity More For You KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market By CoinDesk Research Dec 22, 2025 Commissioned by KuCoin KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market. What to know : KuCoin recorded over $1.25 trillion in total trading volume in 2025 , equivalent to an average of roughly $114 billion per month , marking its strongest year on record. This performance translated into an all-time high share of centralised exchange volume , as KuCoin’s activity expanded faster than aggregate CEX volumes , which slowed during periods of lower market volatility. Spot and derivatives volumes were evenly split , each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line. Altcoins accounted for the majority of trading activity , reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover. Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity , indicating structurally higher user engagement rather than short-lived volume spikes. 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