Strategy’s Preferred Stock Hits $94.65 After 32 BTC Sale and Bitcoin’s Drop
STRC•STRC closed at $94.65, breaking its $100 par for the first time in three months after a 2% slide following Bitcoin’s drop to $62,000 and $1.66 billion in liquidations. Strategy sold 32 BTC for $2.5 million—its first sale since 2022—to fund dividends and raise yields.
1. STRC Drops Below Par
STRC declined 2% to close at $94.65 on June 3, marking its first breach below the $100 par value zone in three months as Bitcoin slid to $62,000 and triggered over $1.66 billion of liquidations across crypto markets.
2. First Bitcoin Sale Since 2022
Strategy sold 32 BTC for roughly $2.5 million to fund preferred dividends, representing the company’s first Bitcoin sale in four years and breaking its long-held never-sell stance.
3. Variable-Rate Preferred Mechanism Pressured
The Series A perpetual preferred uses dynamic dividend adjustments to maintain price near par; the current price weakness indicates investors are demanding higher yields to offset increased market volatility.
