STRC Preferred Stock Reaches $100 Par Value, Unlocking Buying Power for Strategy

Strategy's STRC preferred stock has reached its critical $100 par value, allowing the company to unlock significant buying power for acquiring Bitcoin (BTC). According to data from STRC.LIVE, STRC was trading at around $100.01 as of Wednesday, with estimates suggesting that this could lead to the acquisition of at least 3,172 BTC this week.

This is nearly 235% of Bitcoin's newly mined supply over the same period, and Strategy's Bitcoin accumulation model becomes more efficient when STRC trades at or above par. Since February, the company has added roughly 101,700 BTC to its holdings, lifting them to nearly 819,000 BTC as of May 11 from about 717,000 BTC in mid-February.

Falling stablecoin dominance is also seen as a bullish signal for Bitcoin's price. The combined dominance of Tether's USDT and Circle's USDC has shown signs of topping near the 10%-11% resistance zone, according to fractal analysis shared by analyst MikybullCrypto. This pattern has been observed in past cycles, with stablecoin dominance dropping while Bitcoin rose significantly.