Strategy’s perpetual preferred stock, Stretch, fell 3.58% on June 16 to close at $91.79, putting it 8.2% below its $100 target value. According to NS3.AI, the decline followed two recent Bitcoin purchases totaling 3,137 BTC.
Strategy’s common stock, MSTR, also declined on June 16, falling 6.35%.
Strategy's Stretch Preferred Stock Falls 3.58% to $91.79, Trading 8.2% Below $100 Target
2026-06-17 18:39:48
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