Strategy shares reach two-month high as STRC preferred stock rebounds near $100
Strategy shares and STRC preferred stock climb alongside Bitcoin
Shares of Strategy, a company that holds a large amount of Bitcoin, reached their highest level in two months. The company’s stock, traded under the symbol MSTR, rose 7.5% to over $120 in early trading on August 21, 2026. At the same time, Strategy’s preferred stock, called STRC, climbed above $96 for the first time since June.
STRC is a special type of stock that Strategy sells to raise money for buying Bitcoin. It is designed to stay near $100 by adjusting its monthly dividend payments. Earlier this year, STRC fell below $70, raising concerns about whether Strategy could keep paying its dividends, which offer an annual return of about 11.5%.
Bitcoin, a digital currency, briefly rose to $79,400 during the same period.
Key details of Strategy’s recent moves
- Strategy sold $333.7 million worth of MSTR shares between August 10 and August 16, 2026.
- None of the proceeds were used to buy or sell Bitcoin during this time.
- $52.4 million went toward paying STRC dividends, and $132.2 million was used to repurchase STRC shares.
- The company increased its cash reserves to $4.8 billion.
- Strategy still holds 840,447 Bitcoin, worth about $65.2 billion, putting its Bitcoin investments back in profit by around $1.6 billion.
Other Bitcoin-linked stocks also recover
STRC is not the only preferred stock tied to Bitcoin that has rebounded. Strive’s SATA preferred shares, which had fallen below $84 in late June, returned to $100 on August 21.
Market index controversy over Strategy’s status
TD Cowen, a financial firm, criticized a proposal by MSCI that could remove Strategy and similar companies from its global stock index. MSCI’s proposal suggests that companies holding large amounts of digital assets like Bitcoin might not qualify as operating businesses. TD Cowen called the proposal "arbitrary" and "overly complex," arguing that it unfairly targets certain companies.
MicroCloud Hologram adds Strategy shares
MicroCloud Hologram, a Chinese technology company, announced it had acquired 140,268 MSTR shares through a structured investment product. The shares were worth about $15.8 million based on Strategy’s closing price at the time.
What is confirmed
- Strategy’s MSTR shares reached a two-month high on August 21, 2026.
- STRC preferred stock rose above $96 for the first time since June.
- Strategy sold $333.7 million in MSTR shares between August 10 and 16, 2026, and used part of the proceeds to repurchase STRC shares and pay dividends.
- The company holds 840,447 Bitcoin, currently worth about $65.2 billion.
- MicroCloud Hologram acquired 140,268 MSTR shares worth approximately $15.8 million.
What is still unclear
- Whether MSCI will proceed with its proposal to remove Strategy and similar companies from its global stock index.
- The long-term impact of Strategy’s decision to hold cash reserves instead of buying more Bitcoin.
Why this matters for investors
Strategy is one of the largest corporate holders of Bitcoin. Its stock and preferred shares often move in line with Bitcoin’s price. The recent rebound in STRC and MSTR suggests renewed investor confidence in both Bitcoin and Strategy’s financial strategy. The controversy over MSCI’s proposal also highlights ongoing debates about how companies holding digital assets should be classified in stock market indexes.
Sources
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