Timeline: Strategy’s STRC preferred stock breaks $100 par amid bitcoin slump
2026-06-21 18:54:33
STRC, the dividend-paying preferred equity issued by bitcoin treasury company Strategy (MSTR), has fallen well below its $100 par value, hitting an intraday low below $83 and closing at $88.59 on June 18, according to CoinDesk. The slide followed a bitcoin downturn and company actions including a $1.5 billion bond repurchase partly funded by a cash reserve, a first bitcoin sale since 2022 (32 BTC), and shareholder approval to shift STRC dividends to twice-monthly. Strategy holds 846,842 BTC at an average cost of $75,656.
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