Strategy's STRC preferred stock falls to all-time low of $82.53

Strategy Inc’s marquee preferred stock, STRC, hit an intraday low of $82.53 this week, marking its worst trading level since the security launched last July. For a stock with a $100 par value that debuted at $90, that’s a steep slide in under a year.

The drop puts STRC roughly 17.5% below its par value and about 8.3% below its IPO price. It closed near $89, but the damage to investor confidence may prove harder to recover from than the price chart suggests.

What STRC is and why it matters

It’s a Variable Rate Series A Perpetual Stretch Preferred Stock. It pays monthly cash dividends at an adjustable rate, currently 11.50% annually based on that $100 par value, and it sits in the capital structure above common equity but below debt.

Strategy, formerly known as MicroStrategy, issued 28,011,111 shares of STRC between July 24 and 29, 2025, raising approximately $2.5 billion. The dividend rate started at 9.00% and has since climbed to 11.50%.