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Morning Edition · Thursday, June 18, 2026
Strategy's Preferred Stock Falls Below Par, Straining Its Bitcoin Funding Engine
The variable-rate preferred whose dividends forced the company's first bitcoin sale now trades below its par value.
Strategy's variable-rate Series A perpetual preferred stock, known as STRC, fell below its par value to a record low, according to CoinDesk. The roughly $10.5 billion instrument is one of the main tools the company, formerly MicroStrategy,…
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