MicroStrategy STRC Falls to $94.65; sUSDat Depegs

MicroStrategy's STRC preferred stock extended its decline in pre-market trading today and traded around $94.65. The decline raised concerns about a "$100 depegging" for a stock designed to trade near $100. MicroStrategy said STRC is not a bank deposit and does not guarantee profit, liquidity, or future performance. CoinMarketCap showed Saturn's sUSDat, a yield-bearing stablecoin collateralized by STRC, at approximately $0.9375.
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