STRC, the preferred stock issued by Michael Saylor's Strategy, has recovered to near its $100 offering price after a steep selloff, with the company's own purchases playing a major role in supporting the rebound, according to Bloomberg.

The recovery is notable because Strategy itself has reportedly been a major buyer of the preferred shares. Those purchases provided additional demand for STRC after the security experienced significant selling pressure, and the move shows the company taking an active role in supporting a security that forms part of its broader capital-raising strategy. The episode also underscores the close link between Strategy's capital-markets activity and the Bitcoin treasury strategy that has defined the company in recent years.

NEW: Michael Saylor's Strategy has pushed its STRC preferred stock back near its $100 offering price after a steep selloff, largely by buying the shares itself, per Bloomberg. pic.twitter.com/rsxvvnkFKf
— Cointelegraph (@Cointelegraph) September 17, 2026 (X)

Strategy Purchases Support STRC Recovery

According to the report, Strategy's own buying has been an important factor behind STRC's return toward the $100 level. Companies that purchase their own securities can reduce the amount available in the market while adding demand, a dynamic that can potentially support prices.

In STRC's case, the buying came after a steep selloff had pushed the preferred stock below its $100 offering price — the level at which the shares were initially sold to investors, and a reference point for how the security's trading is judged. For investors, the recovery may draw attention to how much of STRC's recent performance has been driven by organic market demand compared with purchases made by Strategy itself.

Bitcoin Strategy Keeps Financing in Focus

The STRC recovery is also relevant to the company's wider financing approach. Strategy, led by Executive Chairman Michael Saylor, has become closely associated with Bitcoin through its large corporate holdings and its activity in capital markets. Preferred securities such as STRC — instruments that typically pay fixed dividends and rank between debt and common equity in a company's capital structure — provide another financing tool alongside common stock and debt, and their market performance can therefore be important as investors assess the company's ability to raise and manage capital. The health of these instruments matters because Strategy regularly raises capital across several different types of securities.

With STRC returning close its $100 offering level, investors will likely continue monitoring both the preferred stock's market demand and Strategy's own purchasing activity going forward.