Strategy's Bitcoin Buying Spree Hits the Brakes as Funding Dries Up
Strategy's Bitcoin Buying Spree Hits the Brakes as Funding Dries Up
馃洃 Strategy's Bitcoin Spree Stops
Strategy's primary funding mechanism for Bitcoin purchases has ground to a halt. The company's preferred shares (STRC), which it sells at $100 to finance BTC acquisitions, have dropped to a record low of $85.72.
Key Points:
- STRC shares must trade above $100 for Strategy to continue issuing them
- No STRC-funded Bitcoin purchases have occurred since May 26
- This marks a significant shift from July 2025, when Strategy expanded its preferred stock offering to $2B
What This Means:
The funding freeze effectively pauses Strategy's aggressive Bitcoin accumulation strategy. The company previously relied on selling STRC shares at $100 (with a 9% dividend) to generate capital for crypto purchases. With shares now trading 14% below that threshold, this revenue stream has closed.
Strategy must either wait for STRC prices to recover above $100 or find alternative funding sources to resume its Bitcoin buying program.
The funding channel behind Strategy's $BTC buying has stalled. STRC, the preferred share it sells at $100 to fund coin purchases, has fallen to a record $85.72. Below that level the issuance stops, and no STRC-funded buy has happened since 26 May.
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