Strategy's preferred stock STRC traded around $95.39 to $95.81 on August 12 after opening at $95.39 and closed near $95.77, its highest finish since June 11. The shares had fallen to about $71 to $71.25 in late June and have since rebounded roughly 34%, bringing the stock back to within 5% of its $100 par value. STRC, formally the Variable Rate Series A Perpetual Stretch Preferred Stock, was issued on July 29-30, 2025, when Strategy sold 28,011,111 shares at $90 each and raised about $2.521 billion for additional Bitcoin purchases. Its dividend resets monthly based on trading levels versus par, with the annualized rate currently at 12% for August 2026 payment periods; trading closer to par reduces the likelihood of further automatic dividend step-ups.