Strategy’s bitcoin-backed preferred stock remains below par amid dividend concerns
STRC closed at $88.9 on June 18, staying well below its roughly $100 par value as the discount highlighted higher financing costs for Strategy’s Bitcoin purchases.
BTC
Fact Check
The core claim is strongly supported. The CoinDesk article (June 16, 2026) confirms STRC remains below par value amid dividend coverage concerns and competition from Strive's SATA. Strategy's official page confirms the $100 par value and 11.5% dividend. Multiple market sources place STRC's trading range around $88-89 in mid-June 2026, consistent with a $88.9 close on June 18. The exact closing price of $88.9 could not be independently confirmed from a single authoritative price feed, but it falls squarely within the documented trading range and the narrative of higher financing costs is corroborated, hence high confidence rather than certainty.
Summary
Strategy’s bitcoin-backed preferred stock STRC remained under pressure on June 18, closing at $88.9 and extending its recent low while continuing to trade well below its roughly $100 par value. The discount matters beyond market pricing because it raises Strategy’s financing cost for Bitcoin purchases when capital is raised through the security. Strategy said on social media that its Bitcoin reserves could cover 32 years of dividends, a claim aimed at countering concerns about payout durability that have weighed on the stock.
Terms & Concepts
- preferred stock: A class of shares that typically pays dividends and ranks ahead of common stock in claims on income and assets.
- par value: The face value of a security, used as a benchmark for whether it is trading at a premium or discount.