Strategy's STRC preferred shares trade 14% below par with 11.5% yields as the company pauses Bitcoin purchases to manage $1.5B in annual dividend

CryptoQuant says the cash cushion behind Strategy's STRC has thinned from seven years of coverage to 14 months, and buying BTC at cycle tops has left the company with a $10.6…

The price of Bitcoin rapidly fell to nearly $58,000 after Strategy's STRC preferred shares notched a new low and MSTR fell alongside.