Strategy’s perpetual preferred stock, STRC, briefly reached $100 on November 4 for the first time since May, returning to the minimum price at which the company currently intends to issue new shares through its at-the-market (ATM) program. The milestone could create an opportunity for Strategy to resume raising capital through STRC to finance additional Bitcoin purchases, although its latest filing reported no new sales.
According to Wu Blockchain, the preferred stock’s return to the $100 level comes after Strategy repurchased approximately $2.25 billion worth of STRC between July and November 1. The price threshold is significant because it represents the minimum level at which the company currently intends to issue new shares under the ATM program.
STRC ATM Sales Previously Funded Bitcoin Purchases
SEC filings show that Strategy generated $5.46 billion in net proceeds from STRC ATM sales during the second quarter of 2026. The company used those proceeds to purchase Bitcoin, making the preferred stock program a source of funding for its cryptocurrency acquisition strategy.
However, the filings indicate that Strategy did not conduct any STRC ATM sales in the third quarter of 2026. This marked a pause in the use of the preferred stock issuance program to raise capital during that period.
The latest return to $100 therefore represents a potentially important change in the conditions surrounding the program. With STRC reaching the price threshold Strategy currently targets for new issuance, the company may once again have the opportunity to sell shares through the ATM arrangement.
$17.51 Billion Remains Available Under the Program
As of November 1, Strategy had $17.51 billion remaining available under its STRC ATM program, according to the information cited by Wu Blockchain. That amount represents the remaining capacity reported for the program, rather than capital already raised or funds currently available for Bitcoin purchases.
The combination of the $100 share-price threshold and the remaining ATM capacity could provide Strategy with another potential funding route for its Bitcoin acquisition plans. If the company resumes issuing STRC shares, proceeds could be used for further Bitcoin purchases, following the approach documented in its second-quarter filings.
Nevertheless, the price milestone should not be interpreted as confirmation that new capital has already been raised. The latest filing cited in the report showed no new STRC ATM sales. The possibility of renewed issuance remains conditional, while the reported $17.51 billion represents the capacity still available under the program as of November 1.
Writer: Victoria Hale Technology & Blockchain Writer
Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.
She prioritises clarity and accuracy when explaining technical developments to a general audience.
Check out other news and articles on Google News
Disclaimer:
The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
