Strategy's STRC Preferred Stock Nears $100 Par Amid Aggressive Buybacks

Key Facts

1Strategy's STRC preferred stock closed at $99.88 on Monday, marking its highest finish since May.

2The company spent roughly seven times more cash on share buybacks over two weeks than it did on Bitcoin acquisitions.

Strategy's STRC preferred stock closed at $99.88 on Monday, October 12, 2026, marking its highest finish since May. Reuters reported that the company spent roughly seven times more cash on share buybacks over a two-week period than it did on Bitcoin acquisitions, allocating $192.4 million to repurchasing its own shares.

MSTR closed at $152.68 on October 12, 2026, with a daily range between $150.84 and $158.4. The surge in the preferred equity follows a strategic shift in capital allocation, as the company prioritized massive buybacks over its typical Bitcoin accumulation to provide strong price support near par levels.