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Morning Edition · Wednesday, June 17, 2026
Strategy's Preferred Stock Sinks Near Historic Lows on Dividend-Coverage Doubts
The Bitcoin treasury company's perpetual preferred shares trade well below par as investors question whether an unprofitable issuer can sustain the payouts.
Strategy's dividend-paying preferred shares are trading near historic lows, well below par value, on concerns over dividend coverage and intensifying competition. The company, formerly MicroStrategy, funds its large Bitcoin treasury in part…
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- Attacker Drains Deprecated Thetanuts Vault for $2.1 Million as June DeFi Losses Mount
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- Bitcoin's Iran-Driven Rally Enters a 60-Day Test as Attention Shifts to the Fed
- Bitcoin DeFi's Demand Problem Grows Harder to Ignore
- BlackRock Launches Covered-Call Bitcoin ETF as TradFi Broadens Its Crypto Shelf
- Crypto's Political Money Posts a Win as a CBDC Pause Rides a Housing Bill
- Adjusted for the Money Printer, Bitcoin and Stocks Look Less Triumphant