Strategy's $STRC Slips Below IPO Price


Saylor's preferred stock STRC closed near $83, below its $90 IPO price and $100 par.
Below par, the ATM stalls. With BTC near $64K and an 11.50% dividend due, $BTC sales become the fallback to fund it.
Strategy already sold 32 BTC in May to cover dividends, first sale since 2022. Tiny size, but it knocked BTC ~10% and wiped billions.
BTC1.02%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned