Post by Augustine Chiagozie (@pabloexchange)

๐Ÿ˜Š Strategy's "stable" preferred stock falls 11% below par

STRC, Strategy's preferred stock designed to trade near $100, has dropped to around $89, its lowest level since launch in July 2025.
The structure relies on a variable dividend. If the price falls, Strategy can raise the yield and attract buyers. The market is asking for a higher rate, but the company has kept it at 11.5%, likely to preserve cash.
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That cash is becoming more important. In May, Strategy sold 32 BTC, its first Bitcoin sale in four years, to help cover obligations. Cash reserves have fallen from $2.25 billion to roughly $1.1 billion this year.
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The problem is that a preferred stock trading well below par becomes harder to issue, slowing one of Strategy's main funding channels for buying more Bitcoin.

๐Ÿ˜Š Strategy's "stable" preferred stock falls 11% below par STRC, Strategy's preferred stock designe...

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