MSTR•Strategy shares fell 4% to close at $81.92 last session, underperforming the broader market. The bitcoin treasury firm has enough cash to fund its 12%-yielding preferred dividend for another 10 months after preferred shares sank 23% this June.
Strategy’s common shares declined 4% to close at $81.92, underperforming the broader equity market in the latest session. This move reflects recent volatility in digital-asset treasuries amid fluctuating bitcoin valuations.
The company confirmed it has sufficient cash reserves to cover its 12%-yielding preferred stock dividend for the next 10 months. Preferred shares have fallen 23% this June, prompting concerns about dividend sustainability.
