Bitcoinâ–˛ Bullish
Strategy's STRC nears $100 value, which could reopen a Bitcoin funding route
TradingGain Newsroom··29 Oct 2026, 14:30 UTCStrategy's STRC preferred stock closed eight cents below its $100 stated value. Shareholders also approved daily dividends on four preferred securities, and Michael Saylor said preliminary results showed 99.3% of votes cast in favor. Traders may watch this because the headline links the stock's price to a possible reopening of a Bitcoin funding channel.
Why it matters
- STRC closed just eight cents below its $100 stated value, placing it close to a key level.
- Shareholders approved daily dividends on four preferred securities, including STRC, STRF, STRK and STRD.
- Preliminary results showed 99.3% of votes cast supported the amendment, according to Michael Saylor.
What to watch next
Watch whether STRC moves back to its $100 stated value, since the story ties that level to a possible Bitcoin funding channel.
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This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗