The Strategy Perpetual Preferred Stock (STRC) Breaks $100 for First Time Since November
BlockBeats News, January 7th, Pre-market today, Strategy's Perpetual Preferred Stock STRC broke $100 for the first time since early November 25 years ago. After par recovery, Strategy will be able to issue stocks through At-The-Market (ATM) offerings linked to the market price of the product or raise more funds to increase Bitcoin holdings. STRC is positioned as a short-term high-yield credit product. Currently, its annual dividend yield is 11%, paid monthly in cash. The dividend yield is adjusted monthly to encourage trading around the $100 face value and help reduce price volatility.
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