Strategy CEO Phong Le invests $1 million in STRC preferred shares

Strategy President and CEO Phong Le announced an insider purchase of $1 million worth of STRC preferred stock, filing the transaction with the U.S. SEC. Le said he will hold the shares until the stock reaches its $100 par value, or longer. Following the announcement, STRC rose 1.46% to close at $89.88, rebounding from a low below $83.

The purchase comes as STRC trades below its $100 parity level, a price point that would enable Strategy to issue additional shares through its at‑the‑market program and use the proceeds to buy more Bitcoin for its treasury. Strategy has recently bolstered its liquidity, reporting $1.4 billion in U.S. dollar reserves and a recent acquisition of 520 Bitcoin worth about $35 million, bringing its total holdings to roughly 847,000 BTC. The company also disclosed a sale of 32 BTC for $2.5 million and a divestment of 2.71 million MSTR shares that raised $335.5 million.