NEW YORK, Feb 26, 2026, 18:55 EST — Activity picks up after-hours
- Strategy dropped 1.7% during the session, then edged 0.3% lower in after-hours trading
- Bitcoin held close to $67,500 late Thursday, following a sharp bounce the previous day.
- The company flagged fresh corporate treasury buyers picking up its STRC preferred stock.
Strategy Inc fell after hours Thursday, slipping another 0.3% to $133.00 following a 1.7% drop to $133.40 at the close. Shares moved in a $128.64 to $135.75 range during regular trading. The stock had jumped 8.9% on Wednesday.
Strategy isn’t your typical software stock. It’s often treated more like a high-volatility bitcoin proxy, so moves in the token—especially during late-day action—tend to jolt the shares.
Late Thursday, bitcoin slipped roughly 0.7% to $67,518, giving back some of Wednesday’s 6.1% jump. The token’s moves have echoed Strategy’s turbulence this week.
The company grabbed attention during its Las Vegas conference, announcing that both Prevalon Energy and Anchorage Digital have put a portion of their treasuries into STRC — Strategy’s variable-rate perpetual preferred stock. “We are encouraged to see innovative companies,” said Strategy CEO Phong Le. Prevalon CFO Benjamin Hunnewell commented, STRC “aligns with our objectives around capital preservation,” while Anchorage Digital’s Nathan McCauley noted, “Institutions don’t adopt Bitcoin on conviction alone.” Business Wire
The company says Strategy World will be held in Las Vegas from Feb. 23 to Feb. 26. In the conference materials, Executive Chairman Michael Saylor called bitcoin “Digital Capital.” Business Wire
Wednesday’s action came alongside a rally in crypto-linked stocks. Coinbase popped more than 13%, while Strategy gained over 8% as bitcoin climbed, according to Nasdaq.com.
Strategy’s backers now face a shorter-term dilemma: does the recent appetite for its preferred shares actually hold up, or is this just a case of conference buzz that cools off after the crowd leaves? The answer starts to play out at Friday’s open.
The setup isn’t one-way traffic. If bitcoin tumbles, Strategy takes a hit fast; risk-off moods also tend to sap demand for high-yield preferred shares in a hurry.
Strategy Inc is the new legal name, replacing MicroStrategy Incorporated in 2025. Still, the company’s common shares continue to trade on Nasdaq under the same MSTR ticker.
Friday’s U.S. session has bitcoin drawing most of the attention. Strategy reiterated the cash dividend for STRC lands Feb. 28, or the next business day. Traders are also watching for any new word on bitcoin buys.
