Strategy Preferred Stock STRC Falls Below $83

Strategy's preferred stock STRC fell to an intraday low of $83 on Thursday, closing at $88.59. The security is designed to trade near its $100 par value and support an 11.5 percent annualized dividend. Strategy uses at-the-market offerings of the shares to fund those payments.

events On May 14, STRC closed at $100 while bitcoin traded above $80,000. The same day, Strive Asset Management announced daily dividends on its competing SATA security, which carries a 13 percent yield. On May 15, Strategy repurchased $1.5 billion of its 2029 convertible notes at an 8 percent discount.

The purchase drew on a cash reserve that had been set aside at the end of 2025. On May 26, the company disclosed that the reserve had fallen to $871 million after the repurchase. On June 1, Strategy sold 32 bitcoin, its first sale since 2022. The company's common stock fell 5.9 percent that day.

Bitcoin dropped below $60,000 on June 5. STRC closed at $93.40. Shareholders approved semi-monthly dividend payments on June 8. The company reported the cash reserve had risen to $1 billion. On June 15, the reserve reached $1.1 billion after additional bitcoin purchases.