Strategy’s perpetual preferred stock “Stride (STRC)” has recovered its $100 par value, reopening the possibility of the company resuming additional Bitcoin purchases.
According to CoinDesk on February 12 (local time), STRC, the perpetual preferred stock issued by Strategy—the world’s largest corporate holder of Bitcoin—regained its $100 par value during U.S. trading. This marks the first time STRC has returned to par since mid-January.
If STRC trades above $100, Strategy can raise additional funds through an at-the-market (ATM) offering. This means the proceeds could be used to finance further purchases of Bitcoin (BTC). STRC previously hit $100 on January 16 when Bitcoin was trading at around $97,000, but fell to $93 after Bitcoin plunged to as low as $60,000 on February 5 before recently rebounding.
STRC is a preferred stock with characteristics similar to short-term high-yield credit products, currently offering an annual dividend yield of 11.25% with monthly dividend payments. To reduce volatility and encourage trading near par value, Strategy adjusts the dividend rate monthly and recently raised it to 11.25%.
However, Strategy’s common stock (MSTR) remained under pressure on the same day. As Bitcoin fluctuated around the $67,500 level, MSTR closed down 5% at $126. With STRC recovering its par value despite Bitcoin’s price volatility, market attention is focused on whether the company’s Bitcoin accumulation strategy will regain momentum.
Disclaimer: This article is for investment reference purposes only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only. <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
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