Mars Finance reports that, according to CoinDesk, the perpetual preferred stock STRC issued by Strategy regained its $100 face value during U.S. trading hours on Wednesday, marking the first time since mid-January. This price level is a key threshold for the company’s initiated market price offering to further increase Bitcoin holdings. STRC previously reached $100 on January 16, when Bitcoin was around $97,000. When Bitcoin dropped to $60,000 on February 5, STRC briefly dipped to $93, but recently recovered to face value along with market rebound. The product employs a monthly dividend reset mechanism, with an current annualized dividend yield of 11.25%, aimed at smoothing volatility and encouraging trading prices to approach face value.
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Strategy Perpetual Preferred Stock STRC returns to $100 par value for the first time since mid-January
Mars Finance reports that, according to CoinDesk, the perpetual preferred stock STRC issued by Strategy regained its $100 face value during U.S. trading hours on Wednesday, marking the first time since mid-January. This price level is a key threshold for the company’s initiated market price offering to further increase Bitcoin holdings. STRC previously reached $100 on January 16, when Bitcoin was around $97,000. When Bitcoin dropped to $60,000 on February 5, STRC briefly dipped to $93, but recently recovered to face value along with market rebound. The product employs a monthly dividend reset mechanism, with an current annualized dividend yield of 11.25%, aimed at smoothing volatility and encouraging trading prices to approach face value.