Strategy's perpetual preferred stock, STRC, fell to $97.11 before recovering to $98.57, struggling to maintain its $100 par value. The decline is linked to Bitcoin's drop to around $73,000 and the ex-dividend date effect. Strategy's recent $1.5 billion bond repurchase reduced cash reserves to $871 million, covering only six months of its $1.7 billion annual dividend obligation, below the 24-month target. Executive Chairman Michael Saylor plans to raise funds through Bitcoin sales, equity issuances, or further STRC issuances.
In contrast, Strive Asset Management's SATA stock remains at its $100 par value with a 13% dividend yield. Strive has eliminated its debt and plans to introduce a daily dividend mechanism. Over the past three months, Strive's stock surged 110%, outperforming Strategy's 12% gain and Bitcoin's 8% increase.
Strategy's STRC Stock Dips Below $99 Amid Cash Reserve Concerns
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