Strategy's perpetual preferred stock STRC's 90-day correlation coefficient with Bitcoin has risen to nearly 0.70, reaching its highest level since its launch in July 2025, undermining its appeal as a relatively stable yield instrument. STRC has fallen 23% this month to $76, well below its $100 par value; Bitcoin has dropped nearly 20% over the same period to below $60k. STRC's current annualized dividend yield is 11.5%, and its below-par trading limits Strategy's ability to raise funds through additional issuance to purchase Bitcoin. (CoinDesk)

BTC-2.34%
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