Strategy (MSTR) saw its common stock tumble about 5% on Wednesday, ending at $116.52, while its STRC preferred shares sank to $89, an 11% discount to the $100 par value.
Preferred Stock Slide
STRC, the Variable Rate Series A Perpetual Stretch Preferred Stock, launched in July 2025 with a design to keep its price near $100 through a high‑yield variable dividend. The dividend currently yields an effective 12.9% per year and adjusts each month. During Wednesday’s