MSTR stock has another looming issue: The dividend rate on STRC preferred stock looks set to hit 11.75% thanks to bitcoin sell-off this week.
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Bitcoin Dive Will Hike Strategy's Borrowing Rate To 11.75% — At Least
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Strategy's (MSTR) sale of $2.5 million bitcoin, which helped precipitate this week's dive for the cryptocurrency, appears certain to hike its annual financing costs by $26 million. After sinking in heavy volume to start the month, Strategy's Stretch variable rate preferred stock with the STRC ticker has an impossibly steep mountain to climb to avoid a ratcheting up of its…
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Strategy’s STRC hit a record low as Bitcoin fell below $60K, pressuring MSTR shares and its preferred stock structure.
Strategy sold 32 BTC for $2.5M to fund STRC dividends. MSTR fell 7%, BTC dropped, and crypto X debated the precedent.
The bitcoin price is near lows seen in early February, but the math for Strategy interest costs and MSTR stock price has gotten…
Strategy Inc. sold 32 BTC for $2.5 million to cover preferred stock dividends, its first net Bitcoin sale since 2022, triggering…
Strategy shares tumbled alongside Bitcoin on Friday as the firm's flagship preferred stock also came under pressure.
Strategy Inc (NASDAQ:MSTR) shares are rising Monday as crypto‑linked names bounce back from last week's selloff and the company…
