Summary
- Strategy has invested $635.2 million in buying back STRC, which includes its most recent $151.8 million acquisition at a mean price of $97.48.
- SATA provides an annualized dividend yield of 13% distributed daily, whereas STRC features a 12% yield distributed semi-monthly.
- ASST has advanced 60% since the beginning of the year, while MSTR has declined 15%.
Strategy’s MSTR perpetual preferred stock, known as Stretch (STRC), keeps facing difficulties in attaining its $100 par value even with the firm’s continuous buyback initiatives.
The Bitcoin treasury enterprise has accumulated a total expenditure of $635.2 million on STRC repurchases, with the asset currently changing hands at $97.34. The organization established a $1 billion buyback mandate that has successfully elevated STRC from a trough near $71 up to about $97.
These buyback volumes have expanded alongside the appreciation of STRC’s valuation. Strategy’s most recent acquisition amounted to $151.8 million at a mean cost of $97.48.
Concurrently, Strategy acquired Bitcoin for the initial time in a span of two months, picking up 4,603 BTC for $369.7 million during the previous week at roughly $80,000 per coin. This transaction brought its cumulative reserves to 845,050 BTC, valued at $65.9 billion.
Rivalry stemming from Strive’s ASST perpetual preferred stock, labeled SATA, appears to represent one of the headwinds for STRC. SATA delivers a 13% annualized dividend yield with daily distributions, contrasting with STRC’s 12% annualized yield distributed semi-monthly. SATA has sustained its position around the $100 par value for upward of seven days, enabling Strive to distribute extra shares via its at-the-market offering. The resulting capital supported the firm’s acquisition of 1,800 BTC over the past week.
This performance gap is additionally reflected in the equities of the respective parent entities. ASST has surged 60% year-to-date, whereas MSTR has dropped 15%.
Originally published at https://www.coindesk.com/markets/2026/09/01/strategy-spends-usd635m-buying-back-strc-as-perpetual-preferred-stock-lags-usd100-par.
