MicroStrategy’s STRC Preferred Near $100 Par Value as Stock Rallies 9.4%
MSTR stock surged 9.39% as its STRC perpetual preferred shares traded near their $100 par value after Strategy acquired more Bitcoin. Critics labeled STRC’s 11.5% annual dividend structure a “Ponzi” scheme, while the company now holds 815,061 BTC valued at $63.38 billion.
1. Stock Performance
MicroStrategy’s common stock rose 9.39% on Wednesday as its STRC perpetual preferred shares climbed toward their $100 par value in after-hours trading.
2. Ponzi Allegations
Bitcoin critic Peter Schiff labeled the STRC perpetual preferred shares the “most obvious Ponzi scheme” and criticized SEC oversight for allowing its promotion by the firm.
3. Dividend Structure
STRC offers an 11.5% annual dividend paid monthly, financed by proceeds from share sales used to acquire additional Bitcoin holdings.
4. Bitcoin Holdings
Strategy holds 815,061 BTC, valued at $63.38 billion, as part of its treasury, underpinning its preferred share dividend strategy.