# 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.

- Published: 2026-06-17T10:30:00.313Z
- Canonical: https://polylog.news/crypto/2026-06-17/strategy-s-preferred-stock-sinks-near-historic-lows-on-divid
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/06/16/here-is-why-strategy-s-dividend-paying-crypto-stock-is-crashing-to-near-historic-lows)

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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