Breaking: Strategy CEO Reveals Buying More STRC Stock To Restore $100 Par

Strategy President and CEO Phong Le revealed a personal investment in the company’s STRC preferred stock. This move showed a healthy confidence in the preferred stock as it still trades well below its intended $100 par value.

Strategy CEO Acquires $1M Worth of STRC Stock

Le wrote on X, “I bought $1 million of $STRC today. Will hold it until it reaches par, likely longer.” After this announcement, the STRC stock bounced off the day’s low point, advancing 1.46% to $89.88. The recovery came after a massive drop which had recently taken STRC down below $83.

I bought $1 million of $STRC today. Will hold it until it reaches par, likely longer.

— Phong Le (@phongle) June 22, 2026

The weakness in STRC has been the focus of attention as the preferred stock features prominently in Strategy’s Bitcoin accumulation model. If STRC’s trading price remains above $100 par, the company will have the option of selling more shares in its at-the-market offering program. It can then use these proceeds to buy Bitcoin. That source of funding has been effectively suspended with the stock being at such low levels.

Over the past few months, Strategy has made several changes to the terms of the preferred security. For example, it changed the dividend payments from monthly to a semi-monthly payment schedule. Both MSTR and STRC shareholders approved the amendment.

This increased pressure on the preferred stock stemmed from Strategy’s only disclosed Bitcoin sale, which occurred in the end of May. According to the regulatory filings, the company sold 32 BTC for about $2.5 million to assist in funding the obligations under the STRC dividends.

Rise In USD Reserves

In order to shore up confidence in the balance sheet, Strategy said Monday that its U.S. dollar reserve has risen to $1.4 billion, up about $300 million from previous levels. The company’s latest filing says the reserve will be used to maintain the credit quality of its Digital Credit securities and to meet future dividend and debt payments.

The same filing showed Strategy sold 2.71 million MSTR shares last week, resulting in nearly $335.5 million.

Moreover, Saylor announced buying another $35 million is 520 Bitcoin. The acquisition price was $67,068 per BTC. It now holds 847,363 Bitcoin in its reserve.