Strategy (MSTR) dividend-paying preferred stock STRC closed at $91.79 on Tuesday, its third-lowest level since trading began in July 2025, amid lower bitcoin prices and debt concerns.
The only lower closes came during two sessions late that month, when STRC fell to $88.60. The stock was initially priced at approximately $90 upon its debut.
STRC was designed to operate as close to its face value of $100 as possible. However, it has remained below that level for an extended period and has not traded at $100 since May 15, last month’s ex-dividend date.
Historically, STRC would trade near its face value of $100 before the ex-dividend date, the limit after which new buyers are no longer entitled to the next dividend. Once shares went ex-dividend, they often fell by roughly the dividend value before gradually recovering toward parity, but on June 15, STRC never reached parity.
Several factors appear to be contributing to the persistent weakness of the STRC.
First, the stock has historically traded in tandem with bitcoin, and bitcoin remains under pressure, hovering around $65,000 and roughly 50% below its October all-time high.
