Strategy CEO Puts $1M Where His Par Is, Bets STRC Will Crawl Back to $100

Strategy President and CEO Phong Le disclosed a personal purchase of $1 million in the firm's STRC preferred stock on June 22, 2026, saying on X that he intends to hold the position "until it reaches par, likely longer." The disclosure came as STRC continued to trade well below its $100 par value, having recently fallen under $83 before rebounding 1.46% to $89.88 following the announcement.

STRC is a central component of Strategy's Bitcoin accumulation strategy. The company retains the option to issue additional shares through its at-the-market offering program and use the proceeds to acquire Bitcoin, but only if STRC trades at or above par. With the preferred stock currently trading at $89.88, that funding channel has been effectively suspended. Strategy has modified STRC's terms in recent months, including shifting dividend payments from a monthly to a semi-monthly schedule.

Strategy has continued to add Bitcoin to its corporate treasury and has maintained a USD reserve to support STRC and its other preferred securities. The company also continues to trade under the $MSTR common stock ticker, which is separate from the $STRC preferred. The arrangement links the preferred instrument's market price to Strategy's ability to expand its $BTC holdings without relying on common stock dilution.

Le's $1 million personal investment, disclosed on his X account @phongle, is separate from any corporate transaction. The CEO's stated plan to hold STRC until it returns to par sets a public benchmark for the preferred's recovery, though the timeline to reach $100 remains dependent on market conditions and the company's execution of its capital-markets strategy.