STRC keeps dividend at 12% as shares trade below par
STRC shares continued to trade below their $100 par value in July.
The company reported an $8.22 billion second-quarter net loss, driven by an $8.32 billion unrealized loss on its Bitcoin holdings.
STRC has built a $3.75 billion cash reserve to support preferred stock payouts and recently repurchased $25 million of its preferred shares at a discount to par.