MicroStrategy’s preferred share STRC hits par, clearing path to resume ATM sales and fund more Bitcoin purchases
first published 2025-11-06T09:59:58Z
STRC traded up to par at $100.10 on ~1M shares, enabling MicroStrategy to potentially resume at‑the‑market (ATM) sales of STRC to raise cash for additional Bitcoin buys. STRC yield was raised to 10.5% (from 9%); MicroStrategy’s 8‑K reports $4.2B available capacity for share issuance. The move fits Michael Saylor’s plan to acquire Bitcoin via perpetual preferred issuances as MSTR shares trade down YTD.
AI Analysis
STRC reached par ($100.10) on ~1M shares and its yield was increased to 10.5%; the company’s 8‑K states $4.2B available issuance capacity. Those concrete facts make resumption of ATM STRC sales and further Bitcoin funding plausible, which is bullish for MicroStrategy’s Bitcoin-buying strategy and could move markets short-term.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant