Strategy Spends $635M Buying Back STRK as Perpetual Preferred Stock Lags $100 Par

BitcoinWorld Strategy Spends $635M Buying Back STRK as Perpetual Preferred Stock Lags $100 Par Strategy (formerly MicroStrategy) has spent approximately $635 million to repurchase shares of its perpetual preferred stock (ticker: STRK) as the security continues to trade below its $100 par value, according to company disclosures.

The buyback, executed over recent months, underscores the company’s effort to support the preferred stock’s market price and manage its capital structure amid ongoing volatility in the crypto-linked equity market.

Buyback Details and Market Context The repurchases were disclosed in a filing with the U.S. Securities and Exchange Commission, revealing that Strategy acquired the STRK shares through open-market purchases at an average price below par.

As of the latest reporting date, the perpetual preferred stock was trading at approximately $82–$85 per share, reflecting a discount of roughly 15–18% from its $100 liquidation preference.