MicroStrategy’s STRC preferred shares reclaimed their $100 par value in Wednesday’s U.S. session — a milestone that could unlock fresh bitcoin buying for the company. Why it matters - STRC is the perpetual preferred equity issued by MicroStrategy (ticker: MSTR), the largest corporate holder of bitcoin. When STRC trades at or above its $100 par, MicroStrategy can resume at-the-market (ATM) offerings to raise cash for additional bitcoin purchases. - The security last traded at par on Jan. 16, when bitcoin was near $97,000. As BTC plunged to about $60,000 by Feb. 5, STRC fell to roughly $93 before this rebound. Income and structure - STRC is positioned as a short-duration, high-yield credit instrument and pays an annualized dividend of 11.25%, distributed monthly. MicroStrategy resets the dividend rate monthly to help stabilize trading near par, and recently raised the rate to the current 11.25%. Market context - While STRC recovered to par, MicroStrategy’s common stock slipped 5% on Wednesday to close at $126. Bitcoin’s price sits around $67,500, underscoring the link between MicroStrategy’s capital moves and bitcoin market swings. With STRC back at par, the company has a ready lever to raise capital quickly — and that could mean more bitcoin accumulation if management chooses to act. Read more AI-generated news on: undefined/news

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