Michael Saylor, executive chairman of Strategy (NASDAQ: MSTR), reaffirmed the company’s commitment to keeping its perpetual preferred equity security STRC at or above its $100 par value. By mid-2026, the security had fallen to between $74 and $88. Strategy launched a massive buyback program, repurchasing $25 million in July 2026 followed by over $132 million in additional buybacks, while building cash reserves to $4.8 billion. The company held approximately 840,447 BTC as of mid-August 2026, backing the initial 9% annualized dividend. Trading volume hit $526 million on at least one occasion, and Strategy paused its at-the-market share issuance to focus on supporting the price.
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