- Strategy’s STRC preferred shares closed July at $89.46, well below their $100 par value, while the August dividend was confirmed at 12% with no increase.
- CEO Phong Le reiterated the corporate objective for STRC to trade at $99–$100 over time, without offering a timeline.
- Strategy has built a $3.75 billion cash reserve to support preferred stock payouts and repurchased $25 million of STRC shares at a discount.
- Executive chairman Michael Saylor hinted at a new Bitcoin purchase, posting “Bitcoin Drive engaged” after the company reported an $8.22 billion Q2 net loss.
Strategy’s preferred STRC shares ended July at $89.46, still trading below their $100 par value, as executive chairman Michael Saylor announced on Saturday that the August dividend will remain at 12%. Saylor pitched STRC as a way to “stretch your income,” according to a tweet from the executive.
The Nasdaq-traded shares posted a 5.42% price gain for July, which began after a 50-basis-point dividend hike to 12% following June’s poor performance. Volume on Friday reached roughly two-thirds of the daily average, TradingView data shows.
On Friday, Strategy CEO Phong Le reiterated that management’s “corporate objective is for STRC to trade at $99-$100 over time,” without specifying when, per a tweet from Le. Meanwhile, Saylor posted “Bitcoin Drive engaged” on Sunday, following a pattern of hinting at a new Bitcoin purchase for the company’s treasury.
Strategy recently reported an $8.22 billion second-quarter net loss, driven by an $8.32 billion unrealized loss on its Bitcoin holdings as the cryptocurrency’s price declined. The company said it has built a $3.75 billion U.S. dollar reserve, enough to cover more than two years of preferred dividend payments and interest obligations. It also repurchased $25 million of STRC shares at a discount to par and intends to continue buying while they trade below $100.
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