TechFlow News, June 18: Strategy’s floating-rate perpetual preferred stock STRC closed at $89 on June 17—significantly below its target stable price of $100—and hit its lowest unadjusted closing level since its launch in 2025. The stock’s current effective dividend yield stands at approximately 12.9%; it was originally designed to maintain a trading price near $100 through monthly interest rate adjustments.
As STRC continues to trade below par value, Strategy has suspended its mechanism for raising capital via share issuance to purchase Bitcoin when the stock trades above par. According to reports, Strategy sold 32 BTC in May to fund STRC distributions—a first-ever BTC sale since the company began accumulating Bitcoin.
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