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.

STRC remains near its $100 par value as the company balances yield stability, ATM issuance capacity, and its bitcoin acquisition strategy.

Strategy sold 32 Bitcoin for the first time since December 2022, generating $2.5M in proceeds for preferred stock distributions.