Strategy's perpetual preferred stock, STRC, broke $100 for the first time since last November.

In pre-market trading today, Strategy's perpetual preferred stock, STRC, broke through $100 for the first time since early November 2025. After reverting to par value, Strategy can issue shares through an ATM (Auction-by-Touch) mechanism linked to the product, potentially raising more funds to increase its Bitcoin holdings. STRC is positioned as a short-term, high-yield credit product. Currently, it offers an annual dividend yield of 11%, paid monthly in cash. The dividend yield is adjusted monthly, encouraging the share price to trade near its $100 par value and helping to reduce price volatility.