Strategy's STRC preferred stock is nearing the critical $100 level, which could open a new capital source for the company to fund additional Bitcoin purchases. The company has approximately $17.5 billion in remaining capacity under its at-the-market program for STRC, which offers an annualized variable dividend of 12% at the $100 price level. Strategy has previously used STRC proceeds to acquire significant amounts of Bitcoin, including a $2.46 billion purchase in July 2025. STRC was last traded at $99.41 as of October 2, up about 40% from its June low of $71.25.