Strategy’s STRC Preferred Stock Trades at $74, Below $100 Target, as Investors Question Stability

Strategy’s STRC preferred stock is trading at $74, below its designed $100 level, raising questions among investors about the instrument’s stability. According to NS3.AI, Strategy executive chairman Michael Saylor previously described STRC as “money market–like,” and the preferred stock pays holders biweekly dividends of about 11.5%. The report said Strategy uses proceeds from STRC sales to buy Bitcoin or to cover interest payouts to creditors.