Strategy’s bitcoin-backed preferred stock falls to $91.79, its third-lowest close, amid competition and lower bitcoin prices.
Strategy’s bitcoin-backed preferred stock, STRC, closed at $91.79 on Tuesday, its third-lowest level since its July 2025 launch. The decline reflects investor concerns over dividend coverage and competition from Strive’s SATA, which offers higher yields and daily payments.
STRC was designed to trade near its $100 par value but has remained below that level since mid-May. The stock last traded at par on May 15, the ex-dividend date, and has struggled to recover since. Historically, STRC would rebound toward par after ex-dividend declines, but this pattern has broken down.
Bitcoin’s recent price weakness and Strategy’s debt structure have further pressured STRC. Strive’s SATA, with its debt-free capital structure, has attracted investors seeking higher returns and lower risk.