STRC remains off parity four months after $100 peg broke

More than 120 days—four months—have passed since Strategy's dividend product STRC first dipped below its $100 peg. Company executives declared restoring it to $100 their topmost priority.

Since that moment, STRC has not, even momentarily, returned to that level.

However, this week Strategy was continuing a notable shift—buying back STRC shares instead of bitcoin—and STRC appeared on the verge of recovery, climbing to $99 on Monday.

But the uptick did not last.

On Tuesday, STRC retreated to roughly $97. There is as yet no sign of additional company buybacks.

More STRC sellers than buyers

Despite months of share repurchases, numerous assurances, and executives citing STRC as the company's top priority, the asset has stayed well below its peg.

The failure of the CLARITY Act set back the company further, and Strategy's stock fell 7% on that day.

Meanwhile, Chairman Michael Saylor has persisted in sharing bizarre, optimistic AI-generated Bitcoin videos.