Bitcoin Giant Strategy’s STRC Hits $100 for First Time Since May After Daily Dividend Shift

Strategy’s STRC preferred shares reached the $100 mark on Wednesday for the first time since May, marking a significant milestone for the bitcoin treasury company just days after it began paying daily dividends to shareholders. The stock touched $100 during Wednesday’s trading session, according to Google Finance data , continuing a recovery that has seen the shares climb from a June low of $71.25. The rebound follows months of aggressive share repurchases and adjustments to STRC’s dividend structure aimed at keeping its market price close to $100. The milestone is particularly important for Strategy because trading at or above $100 allows the company to resume issuing new STRC shares through its at-the-market offering program, potentially raising additional capital to purchase bitcoin to add to its $68 billion BTC stockpile.

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