Strategy's STRC stock returns to $100 for first time since May, potentially enabling resumed Bitcoin purchases via its ATM program.
Macro & Markets ·
Strategy's perpetual preferred stock STRC reached $100 on November 4, marking its first time at that level since May. This price point is significant because it represents the threshold at which the company intends to resume issuing new shares via its at-the-market program. Between July and early November, Strategy bought back approximately $2.25 billion of STRC shares during a period when the stock was trading below this level.
According to SEC filings, Strategy deployed $5.46 billion from prior STRC issuances to acquire Bitcoin during Q2 2026, but halted new stock sales in Q3. The company maintains $17.51 billion in remaining capacity under its ATM authorization as of November 1. Though the stock has now returned to its $100 floor, the latest SEC filing indicates no fresh STRC sales have yet occurred, leaving the resumption of share issuance an open question.
It remains unclear whether Strategy will activate new STRC sales following the November 4 price milestone or what pace any resumed offerings might take. The mechanics connecting share price recovery to Bitcoin acquisition timing—and whether this uptick signals imminent capital raising—have not been disclosed.