Strategy Acquires $950 Million in STRC Shares to Push Price Near $100

Strategy acquired approximately 9.96 million shares of perpetual preferred stock STRC for around $950 million (about 1.3 trillion won) between July 20 and September 13, lifting the price to around $100 per share. Bloomberg reported that Strategy's self-purchase of STRC accounted for approximately 18% of total trading volume during the same period. In a recent one-week tally, the company purchased shares equivalent to about 28% of total trading volume. STRC is a variable-rate perpetual preferred stock issued by Strategy to fund Bitcoin (BTC) acquisitions, with a par value of $100 per share. Bloomberg noted that approximately $765 million of the $950 million was sourced from common stock sales and cash raised from those proceeds.