Strategy Inc’s STRC preferred shares fell to $88.59 on June 18 after an intraday trough of $83, leaving the security about 17 % below its $100 par value.
Drivers of the Price Decline
Investors linked the drop to a cascade of corporate actions and a prolonged slump in bitcoin’s price. Prior to the May 14 ex‑dividend date, STRC held steady at $100 while bitcoin hovered above $80,000, yet the cryptocurrency had already retreated from its October 2024 peak of $126,000. The weakening blockchain market amplified pressure on the preferred instrument.
Competitive Challenges and Capital Allocation
On the same day as the ex‑dividend benchmark, Strive Asset Management introduced SATA, a preferred security offering a