MicroStrategy Sees Bitcoin Soar to $65,600 and 63% Preferred Dividend Odds
MSTR•MSTR•MSTR•MSTR•Bitcoin surged above $65,600 after a US-Iran peace agreement triggered risk-on sentiment, while MicroStrategy disclosed a minor BTC sale that had spurred a recent shakeout. MicroStrategy’s STRC preferred shares trade at $94.80—5.2% below par—with market-implied 63% odds of a dividend increase ahead of its June decision.
Bitcoin climbed past $65,600 after the US and Iran reached a peace deal reopening the Strait of Hormuz, boosting risk appetite. MicroStrategy, the largest corporate Bitcoin holder, revealed a small sale that intensified a recent price shakeout, and investors are watching the upcoming Fed meeting for policy signals.
STRC preferred shares closed at $94.80, trading 5.2% below $100 par ahead of the ex-dividend date. Market pricing reflects a 63% probability of a dividend increase, with three scenarios modeled: a hike restoring par, maintaining the 11.5% rate repricing to ~$88.50, or a suspension valuing the shares near $70 after accrued payouts.
