[Wu Blockchain News] Strategy’s STRC Touches $100 for First Time Since May, Potentially Reopening Bitcoin Funding

Strategy’s STRC perpetual preferred stock briefly touched $100 on November 4, the first time since May and the minimum price at which the company intends to issue new shares under its at-the-market program. Strategy repurchased roughly $2.25 billion of STRC between July and November 1, and SEC filings show it deployed $5.46 billion in net STRC ATM proceeds into Bitcoin in Q2 2026 while making no STRC ATM sales in Q3. The development matters because STRC has been a key conduit for Strategy’s Bitcoin accumulation, and a sustained recovery above $100 would restore that funding channel. Watch whether Strategy resumes STRC ATM sales in coming filings and whether proceeds flow into additional Bitcoin buys.