<p><span style="font-weight: 400;">Strategy’s "Stretch" preferred stock (STRC), designed to pay a high dividend while maintaining a stable price around $100, is trading below $90 on Wednesday afternoon.
The stock hit a daily low of $88.50, its lowest price in at least 52 weeks, and closed the day at $89, according to <a href="https://finance.yahoo.com/quote/STRC/">Yahoo Finance</a>.</span></p>
<figure id="attachment_405162" class="figure-wrapper alignnone " style="max-width: 810px;"><img class="size-medium wp-image-405162" src="https://www.tbstat.com/wp/uploads/2026/06/Screenshot-2026-06-17-at-4.30.46 PM-800x227.png" alt="" width="800" height="227" /><figcaption class="wp-caption-text">Source: <a href="https://strc.live/ticker/strc">STRC.live</a></figcaption></figure>
<p><span style="font-weight: 400;">STRC, or the Variable Rate Series A Perpetual Stretch Preferred Stock, is a bitcoin-backed equity issued by Strategy, the fintech firm that turned into a bitcoin-buying behemoth under Chairman Michael Saylor’s stewardship. </span></p>
<p><span style="font-weight: 400;">Strategy issued the stock in July 2025 as part of a suite of assets created to raise funds and bolster its bitcoin acquisitions.
