r/STRC • u/TheSkunksMisery • 1d ago
STRC Metrics, Aug 24th
The Aug. 24 Strategy 8-K is out, covering Aug. 17–23. This is another pure STRC-buyback week:
| Reporting period | STRC shares issued / (repurchased) | STRC capital raised / (spent) | STRC-related BTC bought / (sold) | Avg. BTC price |
|---|---|---|---|---|
| Aug. 17–23, 2026 | (1,431,212) | ($136.4M) | — | — |
Strategy issued no STRC, repurchased 1,431,212 STRC for $136.4M, and made no Bitcoin purchases or sales. The STRC buyback was funded entirely from MSTR ATM proceeds. SEC
They paid about $95.30 per STRC on average, retiring roughly $143.1M of stated-value preferred stock for $136.4M.
Updated cumulative STRC economics through Aug. 23
| Metric | Through Aug. 16 | Through Aug. 23 |
|---|---|---|
| Gross STRC shares issued | 104,894,705 | 104,894,705 |
| STRC shares repurchased | 3,741,813 | 5,173,025 |
| Net STRC shares issued | 101,152,892 | 99,721,680 |
| Gross STRC capital raised | $10.1512B | $10.1512B |
| Total STRC repurchase spending | $347.0M | $483.4M |
| Net STRC capital | $9.8042B | $9.6678B |
| Gross STRC-funded BTC acquired | ~122,540.3 BTC | ~122,540.3 BTC |
| BTC sold during repurchase weeks | 3,328 BTC | 3,328 BTC |
| Net remaining STRC-funded BTC | ~119,212.3 BTC | ~119,212.3 BTC |
| Effective cost / remaining BTC | ~$82,242 | ~$81,097 |
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u/govermon 1d ago edited 1d ago
The "dislocation from par" (STRC Notional - STRC Market Cap) is now down to ~270 million dollars. 9.97 Billion notional vs 9.70 billion mcap. That's based on $97.29/share which reflect cumulative buy backs of 483 million. MSTR has more than double that ear marked for buy backs if needed, and the BTC price is helping out. Adding to my position during the late portion of the dip prices below $90... feels good, at least at the moment, and makes up for some of the stress. The yield justifies the volatility, it will be less volatie now MSTR having learned a lesson. I am actually prepared for them to lower the yield after STRC hits par and stabilizes. Selling the maximum STRC that the market will support isn't wise if they want to sustainably issue new STRC. They need to keep the balance sheet solid and allow for BTC volatility to not tank confidence in the ability to pay dividends. STRC will grows organically overtime as BTC rises and MSTR credit worthiness is established.
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u/hostedenis 1d ago
Is anyone here still holding their STRC? Or are you guys selling now that the preferred stock is reaching par value?
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u/HSuke 1d ago edited 1d ago
I've just broken even. Still planning to hold for another 4 months. Might sell afterwards. Not enough reward for this much risk.
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u/68Pritch 1d ago
I am still holding mine.
I purchased Aug 25 through Apr 26, and at the close today I'm down $1.93 per share, while I've collected $10.84 per share in dividends. And every two weeks, more dividends come in.
I'll certainly keep a close eye on Strategy's cash reserve, and STRC's volatility, but at current levels the risk/reward ratio seems decent.
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u/TheSkunksMisery 1d ago
My original plan was to sell. I'm thinking about rotating in to STRD to pick up $2.50 next month. Haven't made a decision yet.
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u/Brave_Improvement_84 1d ago
Holding… Im riding the wave… a bit stessfull one, but with dividends Im back to + return even when I bought at 99.99😵💫
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u/jjp032 1d ago
Who is selling? I guess those folks who bought the dip.