Strategy's STRC preferred stock hits a record low below par
CoinDesk 2026-06-18 05:49:21
Context: Strategy's STRC preferred stock has plummeted to a record low, falling below its par value, which has significant implications for the company's funding strategy. The decline has halted Strategy's ability to sell shares above par, a crucial mechanism used to fund its bitcoin purchases. This development comes after the company's STRC preferred stock dividends prompted its first bitcoin sale of the month.
Key Facts
- Strategy's STRC preferred stock has reached a record low, trading below its par value, according to the report on Coindesk.
- The decline in STRC preferred stock has paused Strategy's above-par share sales, which are used to fund the company's bitcoin purchases.
- The STRC preferred stock is the same stock whose dividends forced Strategy to make its first bitcoin sale of the month.