Strategy Inc.’s (NASDAQ:MSTR) preferred stock

Michael Saylor says Strategy aims to make STRC the world's best credit instrument after the company sold bitcoin to help fund preferred stock distributions

Strategy Inc.’s (NASDAQ:MSTR) preferred stock

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.

Schiff warns STRC retirees have lost 7% as Strategy's preferred stock breaks its 10-month trendline with Bitcoin sliding toward $63K.