Strategy’s STRC Raises $206M To Buy More Bitcoin As ATM Sales Resume

Following an STRC perpetual preferred stock (STRC) becoming $100 par value, Strategy increased its acquisition capacity for Bitcoin again. Monday’s trading session opened the door to new equity offerings of STRC to support further BTC acquisitions for the company.

Strategy’s STRC Attracts More Capital

Bitcoin Treasuries ATM tracker on May 11, 2026 indicated that STRC’s ATM program was still active. It generated net proceeds of $206.61 million from the issuance of 2.12 million shares. The achievement comes as Strategy announced a fresh $43 million Bitcoin acquisition today.

The Bitcoin price tracker showed that Strategy could use these proceeds to buy almost 2,536 BTC at an average price of $81,471 per coin. The tracker also revealed that STRC’s daily trading volume surge, including after hours.

The trading volume hit a whopping $444.91 million as that the preferred stock traded at its $100 par value. STRC saw very limited volatility on Monday, ranging from $99.99 to $100.01.

For further context, STRC returned to its target price during the trading session on May 8. The preferred stock ended at $99.99 before rising to $100 in after-hours trading, according to Yahoo! Finance data. It recorded a trade volume of over $218 million that day.

Meanwhile, it’s important to note that Strategy’s STRC stock currently yields 11.5% a year. Moreover, its next ex-dividend date is May 15, 2026.

The structure of STRC was originally explained by Executive Chairman Michael Saylor to be designed to keep the unit price of STRC at $100 with variable dividend payouts. The design allows dividend yields to increase when the stock price drops below par value to draw investors in.

Also, the payout ratios can be dropped if shares are trading above target prices. Since, it’s above the par value currently, Strategy could lower the yield percentage to fuel higher BTC purchases.

Peter Schiff Continues Criticism Against STRC

However, the capital raise follows an active debate between economist Peter Schiff, who has challenged Strategy’s treasury model focused on Bitcoin. He slammed Michael Saylor for saying that STRC is suitable for retired persons.

On X he wrote, “How can the SEC let Saylor get away with public comments that $STRC is suitable for retirees whose primary investment objectives are low-risk wealth preservation and income, and who don’t want to risk losing principal? This is a violation of SEC antifraud and marketing rules.”