Strategy's STRC preferred stock hits a record low below par
CoinDesk·
60-second summary
Strategy's STRC preferred stock is currently trading at a record low below par, halting the above-par share sales used to fund bitcoin purchases. This stock's dividends prompted Strategy's first BTC sale this month, highlighting the company's reliance on this financing strategy. The stock's decline may impact Strategy's ability to buy more bitcoin.
The slide has paused the above-par share sales Strategy uses to fund bitcoin purchases, and it is the same stock whose dividends forced the company's first BTC sale this month.