---
title: "Strategy’s STRC Touches $100 for First Time Since May, Potentially Reopening Bitcoin Funding"
url: https://thecoingazette.com/strategys-strc-touches-100-for-first-time-since-may-potentially-reopening-bitcoin-funding/
date: 2026-11-04
modified: 2026-11-04
lang: en
author: "Coin Gazette Editorial"
description: "Strategy’s perpetual preferred stock STRC briefly touched $100 on November 4 for the first time sinc..."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 116
---

# Strategy’s STRC Touches $100 for First Time Since May, Potentially Reopening Bitcoin Funding

Strategy’s perpetual preferred stock STRC briefly touched $100 on November 4 for the first time since May, reaching the minimum price at which the company currently intends to issue new shares under its at-the-market (ATM) program. Strategy repurchased approximately $2.25 billion worth of STRC between July and November 1. SEC filings show that the company used $5.46 billion in net proceeds from STRC ATM sales to purchase Bitcoin in Q2 2026 but made no STRC ATM sales in Q3. With $17.51 billion remaining available under the program as of November 1, the return to $100 could pave the way for renewed STRC issuance to fund Bitcoin purchases, although the latest filing reported no new STRC sales.