Strategy’s STRC falls to $91 as investors flinch at latest BTC buying
Strategy’s perpetual preferred stock STRC fell to near record lows after recent Bitcoin purchases, dropping 3.58% to $91.79, well below its $100 target. The decline suggests investors may prefer the company to preserve cash for dividend support rather than keep buying BTC. STRC is designed to yield 11.5% at par, but the lower price lifts the effective yield to about 12.5%, increasing pressure on Strategy to fund payouts. Strategy bought 1,587 BTC for about $100 million last week, after buying 1,550 BTC the week before, lifting holdings to 846,842 BTC. Broader crypto risk-off sentiment, concerns about the company’s capital structure and ATM issuance, and competition from Strive’s SATA preferred shares, which trade at $100 with a roughly 13% yield, are also weighing on STRC. Strategy’s common stock MSTR fell 6.35% on Tuesday.
