STRC climbs back above $100 after its longest post-dividend recovery yet, clearing the way for ATM sales to resume and Bitcoin accumulation to restart.

Strategy’s Stretch preferred stock (ticker STRC) has traded back above its $100 par value after an extended period below par following its most recent ex-dividend date, which had been its longest post-dividend recovery so far. According to the STRC_live account, this rebound above $100 is being treated as a trigger for resuming at-the-market (ATM) share issuance and restarting Bitcoin accumulation, since the issuer generally prefers to sell new STRC shares at or above par and use the proceeds to buy additional BTC. STRC is Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, a Nasdaq-listed preferred share that pays a variable monthly cash dividend, currently set at an annualized 11.5% based on a $100 stated amount. The dividend rate adjusts in response to the 30‑day average price: it is typically left unchanged when STRC trades close to $100, increased if the price trades materially below par, and can be reduced if demand is strong and the price trades persistently above par, creating a self-stabilizing mechanism around the $100 level. After each monthly ex-dividend date, STRC has historically dipped below par and then taken multiple trading days to recover; commentary on its recent ex-dividend performance notes that prior cycles saw recoveries in roughly one to two weeks, making the latest below-par stretch the longest such recovery period to date. The move back above $100 matters because Strategy’s model for STRC is to issue new preferred shares via ATM programs, deploy the capital to purchase Bitcoin, and use its BTC-heavy balance sheet and other resources to support the ongoing cash dividend stream. When STRC trades below par, issuing new shares is less attractive and can slow the pace of new BTC acquisitions; trading above par opens the door to more accretive capital raises and larger incremental Bitcoin purchases for Strategy’s treasury. For observers tracking corporate Bitcoin accumulation and the evolution of yield-bearing BTC-backed instruments, STRC’s price level relative to par, its dividend adjustments, and the timing of ATM issuance have become important indicators of both investor demand for the product and Strategy’s capacity to add to its Bitcoin holdings.

✨ AI-generated background, compiled from web sources — not editorial content.

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• STRC Ex-Dividend Date Explained: Eight Months of Evidence (bitcointreasuries.net)
• Strategy's STRC Dividend Is Not Increased for First Time Since Launch (unchainedcrypto.com)
• STRC Dividend Information (Strategy - Variable Rate Series A...) (marketchameleon.com)
• STRC Information - Strategy (strategy.com)
• STRC Dividend History - Nasdaq (nasdaq.com)

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