The slide has paused the above-par share sales Strategy uses to fund bitcoin purchases, and it is the same stock whose dividends forced the company's first BTC sale this month.

Strategy CEO Phong Le says the company may raise STRC's dividend rate or USD reserves to restore the preferred stock to its $100 par value.

Strategy's bitcoin-backed preferred stock remains well below par value as concerns over dividend coverage and stronger competition from Strive's SATA.

Wednesday's close of $89 appears to be the lowest on record since the stock was first issued in 2025.

The slide has paused the above-par share sales Strategy uses to fund bitcoin purchases, and it is the same stock whose dividends forced the company's first BTC sale this month.

Michael Saylor‘s (NASDAQ:STRC) dropped below $89.50 Wednesday as crypto analyst DonAlt called Strategy Inc.’s

Everyday investors that own Strategy’s STRC have been drawn to double-digit yields, but the preferred stock’s volatility has shaken some.

Strategy's STRC preferred stock has fallen to a record low near $85, well below its $100 par value, as Bitcoin weakness and rising competition erode demand.

Strategy’s flagship preferred stock is facing pressure, but analysts say that's not yet an existential threat for the Bitcoin treasury giant.

Strategy's STRC preferred stock hit an all-time low of $82.53, sinking below par value and raising concerns about dividend sustainability and Bitcoin

Strategy's STRC preferred stock fell to a record low on Wednesday, constricting one of the main channels the largest corporate bitcoin holder uses to fund its purchases.