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Bitcoin sales and $4 billion cash reserve fuel STRC’s recovery toward par value

Strategy’s (MSTR) perpetual preferred stock, Stretch (STRC), has risen more than 30% from its June low. It is currently trading around $94, after gaining another 1% on Wednesday. STRC bottomed in late June around $71 as bitcoin fell below $60,000. Since then, Strategy has sold… Read More

STRC slips below par as Strategy’s (MSTR) cash reserves face growing scrutiny

3 months ago by Crypto InsightsCrypto

Strategy’s perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin BTC$73,565.90 slipped to the $73,000 mark. STRC tends to face selling pressure during bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on Nov. 20 and… Read More