Arkham: Strategy is legally not required to prioritize paying STRC dividends, so there is no risk of forced liquidation.

BlockBeats news, June 25, after the US stock market opened tonight, STRC briefly fell to $73 and is now at $76.2 (25% below the $100 face value). Addressing market concerns about whether it is "the next LUNA," Arkham analysis stated that STRC is perpetual preferred stock with a dividend yield of 11.5%, requiring annual payments of approximately $1.2 billion. Strategy holds $1.4 billion in reserves, but is not legally obligated to pay dividends first.

However, Arkham also noted that the stock price decline reflects market worries about Saylor's ability to sustain dividend payments and fundraising. While this would not directly bring down the company, it could long-term impact investor confidence and financing.