STRC shares fell to $73.3 from a par value of $100, and Strategy's shares adjusted to $84.9. Unlike common stocks, the preferred STRC shares provide an annual dividend of 11.5%. This week, the analytical company Benchmark confirmed the target price for Strategy (MSTR) shares at $570. They noted that the decline in MSTR and STRC is more of a stress test of the company's financing model rather than evidence of a structural failure. Benchmark stated that Strategy aims to maintain STRC's price around $100, not to guarantee it. The company's analysts described STRC as a stock with a variable dividend rate backed by Strategy's assets of 847,400 BTC ($50.9 billion).
News Institutional
The drop in BTC led to Strategy's STRC shares falling 26.7% below par value, while MSTR shares hit a 16-month low.
STRC shares fell to $73.3 from a par value of $100, and Strategy's shares adjusted to $84.9. Unlike common stocks, the preferred STRC shares provide an annual dividend of 11.5%. This week, the analyti...