STRC (Variable Rate Series A Perpetual Stretch Preferred)
Dividend held at 12.00% (semi-monthly, $0.50 per share). Repurchased about 1.77M shares for $176M from Sep 28 to Oct 4, 2026.
The numbers
What it is
The largest preferred series and the main source of new capital in 2026. It pays a variable semi-monthly dividend. Management has said it wants STRC to trade over time at $99 to $100, and it buys back STRC in the market when it trades below $100 par.
Why it matters to the stock. STRC is the price-sensitive lever in the capital structure. A rate change or a sustained move above or below $100 par signals whether the company can keep issuing new preferred to fund bitcoin buys.
News
Strategy buys 250 BTC for $21.5M and repurchases $192.4M of STRC, holdings 848,250
Strategy said on October 12 that it bought 250 bitcoin at an average of $86,194 for the period October 5 to 11, lifting holdings to 848,250 BTC.
Saylor video urges vote for daily STRC dividends from Nov 1 and STRF, STRK, STRD from Jan 2027
Strategy filed supplemental proxy material on October 9 in which Chairman Michael Saylor reposted a video about the October 28 special meeting.
Strategy mails proxy for Oct 28 special meeting on daily dividends for preferred stock
Strategy's definitive proxy for a virtual special stockholder meeting on October 28, 2026 at 10:00 a.m.
Strategy keeps STRC at 12.00% and declares $0.50 dividend for period ending Oct 31
An 8-K reporting events of September 30 and signed October 1 says Strategy will keep the STRC dividend rate at 12.00% from the periods starting October 16.
Strategy 8-K: 1,665 BTC bought for $142.7M, holdings 847,666; STRC buybacks of $151.7M
Strategy's 8-K filed September 28 covers September 21 to 27.
Strategy buys 950 BTC for $75.7M in week to Sept 20 as STRC buybacks continue
An 8-K filed September 21, 2026 reports Strategy bought 950 bitcoin for $75.7 million at an average of $79,670 in the week of September 14 to 20, paid with USD Cash.
Strategy buys back 1.42M STRC shares for $139.3M in week to Sept 13; no bitcoin trades
An 8-K filed September 14, 2026 covers September 8 to 13 and shows no bitcoin purchases or sales, with holdings at 845,050 BTC.
Strategy buys back about $176M of STRC preferred; holdings unchanged at 845,050 BTC
According to a September 8, 2026 report, Strategy repurchased about 1.81 million STRC preferred shares for roughly $176.3 million in the week ended September 7, funded from USD Cash.
Strategy holds STRC rate at 12.00% and declares Q3 dividends on STRF, STRK and STRD
An 8-K dated August 31, 2026 keeps the variable STRC dividend at 12.00% per year for semi-monthly periods starting September 16.
Strategy repurchases 1.39M STRC shares for $132.2M; no bitcoin trades in week to Aug 16
An 8-K filed August 17, 2026 covers August 10 to 16 and reports no bitcoin purchases or sales, with the USD Reserve at $4.80 billion.
Strategy sells 1,638 BTC for $104.7M, funds preferred dividends and STRC buybacks
An 8-K filed August 3, 2026 shows Strategy sold 1,638 bitcoin between July 27 and August 2 at an average net price of $63,957, for $104.7 million.
Strategy Q2 2026 net loss of $8.22B, or $24.45 a share, on $122.4M revenue
Strategy reported second-quarter 2026 revenue of $122.4 million, up 6.9% from a year earlier, but a net loss of $8.22 billion, or $24.45 per diluted share.
Strategy repurchases 288,930 STRC shares for $25.0M; no bitcoin bought in week to July 26
An 8-K filed July 27, 2026 covers July 20 to July 26 and reports no bitcoin purchases or sales, with the holdings unchanged at 843,775 BTC.
Strategy lifts STRC dividend rate to 12.00% from July 1 record dates
Strategy said on June 29, 2026 that the STRC dividend rate will rise to 12.00% per annum for semi-monthly periods with record dates on or after July 1, 2026.
Strategy shareholders approve moving STRC dividends to semi-monthly schedule
At its 2026 Annual Meeting on June 8, 2026, Strategy's stockholders voted on an amendment that moves STRC dividend record and payment dates from monthly to semi-monthly.
Strategy retires $1.5B of 2029 convertible notes for about $1.38B cash
Strategy repurchased and canceled $1.50B of principal of its 0% convertible notes due 2029, paying about $1.38B in cash, roughly an 8% discount to par.
Strategy buys 34,164 bitcoin for $2.54B in April 13-19 period
Strategy's 8-K dated April 20, 2026 reports 34,164 BTC bought between April 13 and April 19 for $2.54B, an average of $74,395 per coin.
Strategy adds 13,927 bitcoin for about $1 billion, funded by STRC sales
Strategy bought about 13,927 BTC in the week before April 13, 2026 for roughly $1 billion, an average of about $71,902 per coin.
Strategy files prospectus for up to $21B more STRC sales at 11.50% rate
A prospectus supplement dated March 23, 2026 authorized Strategy to sell up to $21.0 billion of STRC, its variable-rate perpetual preferred, through its at-the-market program.
Strategy buys 22,337 BTC for $1.57B in week to Mar 15; holdings 761,068
Strategy's 8-K dated March 16, 2026 reported 22,337 bitcoin bought between March 9 and 15 for $1.57 billion, at an average of $70,194.
Strategy adds 22,305 BTC for $2.1B in week to Jan 19; holdings 709,715
Strategy's 8-K dated January 20, 2026 showed it bought 22,305 bitcoin between January 12 and 19 for about $2.13 billion, at an average of $95,284.