Strategy's Preferred Stock Approaches Par Value Following Buybacks

The preferred stock of Strategy, traded on NASDAQ under the symbol $STRC, has seen its price rise to $97.07 U.S. per share as of September 17, 2026, approaching its par value of $100 U.S. per share. This increase follows a series of aggressive buybacks by the company, which is known for its significant investments in cryptocurrency.

In a bid to restore the preferred stock to its par value, Strategy repurchased nearly 9.96 million shares at a cost of $950.8 million U.S. at the end of July. More recently, between September 8 and September 13, the company acquired an additional 1,420,467 shares for $139.3 million U.S. Overall, Strategy has conducted buybacks on eight occasions since the end of June 2026.

The preferred stock offers a 12% annualized dividend yield, providing stockholders with a distribution of $0.50 U.S. per share twice a month. However, some investors have expressed concerns that the company's focus on maintaining the par value of its preferred stock has diverted attention from its core strategy of accumulating Bitcoin. In fact, Strategy has refrained from making Bitcoin purchases during its buyback periods and has even sold some Bitcoin at a loss to generate cash. Meanwhile, the common stock of Strategy, traded under the symbol $MSTR, has seen a significant decline of 62% over the past year, currently trading at $126.18 U.S. per share.

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Source: KLEA News