#STRC跌破面值11%創上市新低

STRC Falls Below Nominal Value, Reaches New Low Since Listing

On June 17, Strategy’s perpetual preferred stock, STRC, closed at $89, approximately 11% below its nominal value of $100. The stock hit an intraday low of $88.50, recording its lowest closing price since its listing in July 2025.

STRC currently offers an effective dividend yield of approximately 12.9%, and monthly dividend rate adjustments are designed to keep the stock price close to its nominal value. However, the recent decline indicates investor concerns about the stock’s risk profile and the long-term sustainability of the structure.

These concerns were further heightened after Strategy announced in May that it sold 32 BTC, worth approximately $2.5 million, to fund its dividend payments. This move has raised questions about whether the company will need to sell Bitcoin or raise additional capital to maintain its dividend obligations if market conditions become unfavorable.

With STRC trading well below its face value, Strategy's strategy of using preferred stock to finance its Bitcoin purchases faces an early test from the market. Investors will closely watch whether management can restore confidence in this instrument and maintain a balance between shareholder payments and its Bitcoin accumulation strategy.