Strategy spends $635M buying back STRC as perpetual preferred stock lags $100 par

STRC trades at $97.34 despite Strategy’s growing repurchases, while SATA’s higher dividend rate has helped it hold its $100 par value.

The top 3

  1. Top Corporate Bitcoin Holdings: As of January 18, 2026, Strategy (formerly MicroStrategy) holds 687,410 BTC, making it the largest corporate Bitcoin holder, with other significant holders including Twenty One Capital and Metaplanet Inc.
  2. Michael Saylor's Visionary Shift to Bitcoin: Executive Chairman Michael Saylor pivoted MicroStrategy's treasury strategy to Bitcoin in 2020, viewing it as a hedge against inflation and a long-term store of value, despite initial skepticism.
  3. Funding Bitcoin: Debt and Equity Strategies: Strategy finances its substantial Bitcoin purchases through various methods, including corporate cash, senior secured notes, market equity offerings, convertible senior notes, and convertible preferred shares.

Sources

Open the full topic