K33 questions STRC costs: Strategy stock falls 1.11 percent

Published on 10/14/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

K33 puts annual STRC dividend expense at USD 725 million on October 14, 2026. Strategy stock costs EUR 136.39 versus EUR 137.92 on October 13, 2026.

Financing costs shape the outlook

K33 puts Strategy's annual STRC dividend expense at USD 725 million on October 14, 2026.
Strategy reported USD 122.4 million of revenue in the second quarter of 2026.
Strategy stock trades at EUR 136.39 at 11:07 a.m. CEST at Lang & Schwarz on October 14, 2026, 1.11 percent below the Xetra close of October 13, 2026.
Strategy will report third-quarter 2026 results on October 29, 2026.

Strategy, US5949724083, Illustration mit AI erstellt.

Strategy stock (ISIN US5949724083) was trading at EUR 136.39 at Lang & Schwarz at 11:07 a.m. CEST on October 14, 2026, down 1.11 percent versus the October 13 Xetra close of EUR 137.92. A K33 analysis published through TMGM on October 14, 2026, put the annual dividend expense tied to Strategy's STRC preferred stock at USD 725 million.

Three dated milestones

On July 30, 2026, Strategy reported second-quarter revenue of USD 122.4 million, up 6.90 percent from the prior-year quarter, while its net loss reached USD 8.22 billion. Yahoo Finance reported that the quarter also included an USD 8.32 billion unrealized digital-asset loss.

On October 12, 2026, Strategy announced the purchase of 250 Bitcoin for USD 21.5 million, taking its holdings to 848,250 Bitcoin. The company also repurchased 1.93 million STRC preferred shares for USD 192.4 million, according to the same Yahoo Finance report.

What does the financing cost?

K33 compared Strategy's actual 848,250 Bitcoin with a hypothetical 843,303 Bitcoin balance without STRC financing in the first half of 2026, a difference of 4,947 Bitcoin. The analysis therefore identifies a measurable treasury benefit, but it sets that benefit against USD 725 million of annual preferred-stock dividend expense and a 12.00 percent coupon.

That tradeoff is central to Strategy's earnings profile. Software revenue was USD 122.4 million in the second quarter of 2026, while Bitcoin valuation changes were large enough to drive the USD 8.22 billion net loss, making capital costs and digital-asset prices more important to reported results than recurring software growth alone.

When are results due?

Strategy will report third-quarter 2026 financial results after the U.S. market close on October 29, 2026, and will hold a video webinar at 5:00 p.m. ET. The date was announced by Business Wire on October 8, 2026.

Financing remains the key variable

At 11:07 a.m. CEST on October 14, 2026, Strategy stock was trading at EUR 136.39 at Lang & Schwarz, 1.11 percent below the Xetra close of October 13, 2026 at EUR 137.92. The further course of trading is shown by the continuously updated real-time quote of Strategy stock.