Strategy's preferred stock, STRC, closed at $89 on Wednesday, marking an 11% decline from its $100 par value. The stock reached an intraday low of $88.50, its lowest closing price since listing. STRC offers a 12.9% dividend yield, with monthly interest rate adjustments aimed at stabilizing its price around $100. However, the issuance of new shares to purchase Bitcoin has been suspended as STRC trades below par. STRC remains Strategy's most liquid and actively traded preferred stock, with a trading volume of $417.5 million. In contrast, rival Strive's SATA stock traded above $99, offering a higher dividend yield of 13.69%, outperforming STRC in the market.