MicroStrategy’s STRC Hits Record Low as Monthly Slide Tops 10%

MicroStrategy’s STRC preferred stock dropped to a record low on Thursday, closing well under its $100 par value and weakening a key channel the company uses to raise cash for Bitcoin (BTC) purchases. The slide has renewed concern that Strategy may sell more Bitcoin to fund the stock’s dividend. The firm holds about 846,842 BTC.
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