Strategy’s STRC Slides Toward $90 as BTC Drops Below $63,000; Semi-Monthly Dividend Set

Strategy’s STRC preferred stock fell toward $90 this week as Bitcoin (BTC) slid under $63,000, then rebounded toward its $100 par ahead of a shift to semi-monthly dividends. According to BeInCrypto, shareholders approved the change, which Strategy says should steady STRC trading around par; the new cadence starts with a June 30 record date and a July 15 payment. STRC pays an 11.5% annual dividend and is used to fund Bitcoin purchases; it closed at $94.65 on June 3 and traded around $93 by June 8 after an intraday low near $90.