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. The filing gave the regular STRC dividend rate as 11.50% per annum at that date. STRC was the largest funding source in mid-March, so the new capacity sets how much preferred Strategy can sell to fund bitcoin buying.

• Up to $21.0B of additional STRC sales authorized
• Regular STRC dividend rate 11.50% per annum as of Mar 23, 2026
• Supplement to base prospectus dated Jan 27, 2025 (supplement Nov 4, 2025)
• STRC net proceeds of $1,180.4M funded the Mar 9-15 buying