Strategy, formerly MicroStrategy, has repurchased 288,930 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for $25 million, paying approximately $86.52 per share against a $100 par value. This transaction marks the first operation under Strategy’s $1 billion Digital Credit Securities Repurchase Program announced on June 29, 2026. STRC currently trades around $86.89 with a 12% annualized variable dividend rate, translating to an effective yield of approximately 13.81% for market purchasers. The total notional outstanding of STRC exceeds $10.4 billion, with the $25 million buyback representing roughly 0.24% of the total. Strategy, renamed in August 2025, continues to engineer complex financing structures to fund massive Bitcoin acquisitions under executive chairman Michael Saylor.
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