Nov. 29, 2025 – Strategy, the world’s largest corporate holder of Bitcoin, has been under pressure during the recent crypto selloff, which has also weighed heavily on its common stock. Amid the market turbulence, some insiders are seeing opportunity in the company’s preferred shares.

Director Jane Dietze purchased 1,100 shares of STRC preferred stock at $95.28 apiece on Nov. 21, according to a Form 4 filed with the SEC. Dietze, chief investment officer of Brown University and a board member since December 2024, now holds 2,600 shares, valued at $251,316 based on Friday’s closing price of $96.66.

This follows earlier purchases by director Jarrod Patten, who acquired 23,780 shares of STRC preferred in mid-October. Other executives, including EVP Wei-Ming Shao and CEO Phong Le (indirectly through his children), also bought STRC preferred in September.

Strategy’s preferred stock is designed to provide high dividend yields with lower volatility than common stock. It is a perpetual security, offering fixed monthly dividends and various conversion options, which allows the company to raise capital for Bitcoin purchases without diluting common shareholders.

While Strategy’s common shares have fallen 38% in November, mirroring a 19% drop in Bitcoin, STRC preferred has declined only 2%, in line with the Nasdaq Composite. Over three months, Strategy common stock is down 48%, while STRC preferred remains largely unchanged.

The company did not issue an update to its Bitcoin holdings for the week of Nov. 24, signaling no new purchases through its at-the-market offerings.

Insider buying often signals confidence in a company’s long-term prospects, and Strategy executives appear to view preferred stock as a stable alternative during volatile market conditions.