Strategy preferred stock STRC closed at $89, the lowest closing level since issuance

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Golden Finance reports that on June 18, Strategy's floating rate perpetual preferred stock STRC closed at $89 on June 17, significantly discounted from the $100 target stable price, marking the lowest unadjusted closing level since its launch in 2025. The stock's current effective dividend yield is approximately 12.9%, originally designed to maintain trading close to $100 through monthly interest rate adjustments.
Because STRC has remained below par value, Strategy has suspended its mechanism of raising funds by issuing additional shares to buy Bitcoin when trading above par. The report states that Strategy sold 32 Bitcoins in May to pay for STRC distributions, marking the company's first BTC sale since beginning to accumulate Bitcoin.
BTC-1.91%
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