Three Firms Buy Strategy's STRC-Could This Push MSTR Above $140?

Prevalon Energy, Anchorage Digital, and OranjeBTC added Strategy’s (NASDAQ:MSTR) (NASDAQ:STRC) preferred stock to their treasuries as the security returned to its $100 par value, as MSTR attempts to hold above the 20 EMA at $129.95.

The Corporate Adoption

Three companies disclosed STRC allocations during presentations at Strategy World 2026 in Las Vegas. 

Prevalon Energy CFO Benjamin Hunnewell announced the company added STRC to its corporate treasury as part of its broader capital management strategy.

Anchorage Digital, the first federally chartered U.S. crypto bank, holds STRC on its balance sheet.

OranjeBTC, a Brazilian Bitcoin (CRYPTO: BTC) treasury company, also confirmed STRC allocation in separate remarks at the conference.

STRC briefly touched par during Wednesday’s trading session and trades at $100 in premarket.

The security is a short-duration, high-yield credit instrument that ranks senior to MSTR common stock and offers an 11.25% annual dividend distributed monthly.

The Institutional Validation

Anchorage CEO Nathan McCauley explained the strategic reasoning. “Institutions don’t adopt Bitcoin on conviction alone, they adopt it through structure and disciplined capital management,” McCauley said. 

“Strategy defined what it means to operationalize Bitcoin at treasury scale. By holding STRC on our balance sheet, we’re aligning our capital with that institutional framework,” he added.

Prevalon CFO Benjamin Hunnewell said STRC aligns with the company’s objectives around capital preservation, liquidity, and disciplined long-term financial management after evaluating a range of treasury alternatives.

Additionally, 21Shares is bringing STRC exposure to Europe through the Strategy Yield ETP on Euronext Amsterdam. 

Morgan Stanley (NYSE:MS) plans to introduce Bitcoin trading, lending, yield, and custody services, with Head of Digital Asset Strategy Amy Oldenburg confirming the plans during a panel discussion.

MSTR Technical Setup

MSTR is trading flat, sitting between the 20 EMA at $129.95 and 50 EMA at $137.74. 

The Supertrend at $118.58 flipped green below price—the first major bullish signal in months confirming the $105-$110 capitulation low likely marked bottom.

The recent V-shaped recovery from the lows shows MSTR plunged to approximately $105-$110 in panic selling, then rocketed back above $130-$135. 

This sharp reversal from extreme lows often characterizes capitulation bottoms where selling exhausts and buyers step in aggressively.

Immediate resistance sits at $140-$145, followed by major resistance at $155-$160 where the 100 EMA at $155.63 aligns with broken support. 

Holding above the 20 EMA at $129.95 and moving above $140 would be bullish, setting up a test of $155-$160.

Critical support sits at $130 and the 20 EMA. Failure to hold triggers retest of $120 or the $105-$110 capitulation low. Breaking below the Supertrend at $118.58 would invalidate recent bullish momentum.

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