Strategy’s $100 STRC comeback could turn a cash drain into fresh Bitcoin buying power

Strategy's STRC preferred stock briefly returned to $100 on Nov. 4, potentially restoring a funding channel for Bitcoin purchases after months of cash-consuming share buybacks. Strategy announced that day that the STRC security had reached $100. Executive chairman Michael Saylor commented on the recovery. The recovery followed about $2 billion in share buybacks. STRC is a preferred stock security, and the $100 level matters because it could let Strategy raise funds for Bitcoin buying again rather than spending cash on buybacks.