MicroStrategy (MSTR) Resumes Bitcoin Buys, Market Eyes Preferred Stock (STRC) Performance

MicroStrategy (MSTR) disclosed Monday, June 22, 2026, it purchased 520 Bitcoin (BTC) for $34.9 million last week, at an average of $67,068. This brings total BTC holdings to 847,363. Despite a recent BTC sale in late May 2026, investor focus has shifted to its preferred stock (STRC) performance. STRC, key to MSTR's Bitcoin financing, fell to $82.53 on Thursday, June 18, 2026, pushing its effective yield to 14%. Benchmark analyst Mark Palmer noted STRC's high-risk perception. MSTR has issued over $10 billion in preferred stock in under a year, raising dividend rates seven times to 11.5%, a burden given limited software revenue. Shareholders fear equity dilution to cover dividends. MSTR also sold 2.7M common shares for $335.5 million last week. MSTR has $25.4 billion in stock available for future sales from a $21 billion common stock offering in March 2026. MSTR shares closed down 2.7% on June 22, 2026; STRC rose 0.2%.