crypto

STRC Preferred Stock Remains Below $100 Amid Bitcoin Rally

Source: Crypto.news
MicroStrategy preferred stock STRC

Strategy's STRC preferred stock stays below its $100 stated value, even as Bitcoin rallies, prompting Tushar Jain to question its 12% dividend yield.

Strategy's STRC preferred stock has continued to trade below its stated value of $100, currently at $95.31, according to Crypto.news. This trend persists despite a rally in Bitcoin , which has reached approximately $77,125.

The situation has led Tushar Jain, co-founder of Multicoin Capital, to express concerns regarding the stock's 12% dividend. Jain argues that this dividend may not adequately compensate for the risk of a significant future decline, as reported by Crypto.news.

For readers following broader market updates , this development can help frame the wider news context.

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