New York, February 13, 2026, 18:41 EST — After-hours
- Strategy shares climbed in after-hours action, with bitcoin picking up beneath the $70,000 mark.
- Strategy’s STRC preferred stock, along with its present dividend rate, turned up in a new filing.
- Bitcoin’s moves, shifting rate-cut bets, and the upcoming Strategy funding and crypto purchase disclosure are on investors’ radar.
Strategy Inc jumped 8.9% to $133.88 in Friday’s after-hours session, tracking a roughly 4% move higher in bitcoin to $68,841. Coinbase surged 16.5%. Among bitcoin miners, Marathon Digital added about 9%, while Riot Platforms tacked on 7%.
That shift packs a punch—Strategy now ranks among the most liquid bitcoin proxies out there. The stock doesn’t just trail the token; it tends to exaggerate the moves, tracking but often outpacing bitcoin’s swings.
Stocks rallied Friday after January’s U.S. consumer price figures came in softer than forecast, fueling hopes that the Federal Reserve could still move toward rate cuts. CPI increased 0.2% for the month and 2.4% over the past year, according to Reuters. Phil Orlando, chief market strategist at Federated Hermes, described the data as “good news for the Fed.” Reuters
On Friday, Strategy uploaded a free writing prospectus for its STRC “Stretch” preferred stock to the company’s SEC-filings page. These prospectuses serve as marketing materials linked to registered offerings. Strategy
The tear sheet doesn’t sugarcoat things: STRC’s being pitched with an 11.25% annualized yield, paid out monthly, plus distributions labeled as “return of capital” for U.S. taxpayers, which tends to push tax bills down the road by reducing cost basis. There’s a catch, though—Strategy has the ability to lower the dividend, and STRC lacks FDIC insurance. Contentstack
Strategy unloaded 616,715 class A shares via an at-the-market program, according to a Feb. 9 SEC filing, pulling in $89.5 million in net proceeds. The company used those funds to pick up 1,142 bitcoin for roughly $90 million, pushing its total stash to 714,644 bitcoin as of Feb. 8, the filing said.
Strategy posted a $17.4 billion operating loss for the fourth quarter earlier this month, hit by an unrealized loss on its digital assets following a switch to fair-value, or mark-to-market, accounting. Chief executive Phong Le said the company’s attention remains on building out STRC to “drive growth in Bitcoin Per Share” for common shareholders. SEC
For MSTR, everything still swings on bitcoin and its funding story. If crypto levels off, the shares can bounce sharply. If not, talk of preferred shares and financing strategies rarely gets much airtime.
There’s a fresh date on the books for STRC holders: According to a Feb. 2 filing, Strategy’s board set a $0.9375 monthly cash dividend, with the payout slated for Feb. 28. Shareholders must be on record by 5 p.m. New York time, Feb. 15, to qualify. Strategy expects the dividend will count as a non-taxable return of capital up to each investor’s tax basis, and recommends checking with a tax professional.
