6 stories mentioning it. Newest first.
The soft-peg test: STRC's slide below $92 reveals that without an automatic price floor, Strategy must choose between paying investors more, restructuring the dividend, or watching its…
MSTR's mNAV has compressed to 1.05 and STRC trades at $75 against a $100 target, yet Strategy still holds the cash to cover 10 months of dividends.
The STRC preferred breaking below par is the first hard vote of no confidence in the dividend runway, and it lands just as the ATM-issuance engine that funds the Bitcoin bid is running hotter.
Above $100, the instrument funds bitcoin buys; below it, the ATM goes quiet and the company defends the dividend instead — a structural signal on the cost of leverage in the Strategy flywheel.
Saylor claims he spent several hours iterating on the perpetual-preferred structure with AI; the instrument has since slipped as low as $82.7 before recovering to $88.8, drawing fresh scrutiny to the…
The preferred-stock panic is paused, but Galaxy Digital and Bitwise say the next Bitcoin cycle depends on banks, advisers and sovereign funds replacing Saylor as the defining marginal buyer.
CryptoSlate
CoinDesk
TheBlock
WuBlockchain