Strategy’s Preferred Stock Hits All-Time Low

By: CryptoProwl Strategy’s (NASDAQ: $MSTR ) preferred stock (NASDAQ: $STRC ) has fallen to an all-time low as the selloff in the security continues. The preferred stock, known as “Stretch,” is designed to pay a high dividend to shareholders while maintaining a stable price of around $100 U.S. However, the stock has now lost its par value and fallen below $90 U.S. On June 17, the stock hit an all-time intraday low of $88.50 U.S. It ended trading at $89 U.S. a share. STRC stock is a Bitcoin-backed (CRYPTO: $BTC ) equity issued by Strategy, the serial BTC acquirer run by Chairman Michael Saylor. Strategy launched the preferred stock in July 2025 as part of a plan to raise funds for its Bitcoin purchases. The preferred stock currently pays a dividend that yields 12.9%. Strategy recently moved to pay the dividend on a bi-monthly (twice per month) basis. Stretch stock was designed to maintain a stable price of $100 U.S. through monthly rate adjustments. However, analysts warn that the shares have now broken down below par value. The current price is the first time that the preferred stock has traded below its initial public offering (IPO) price of $90 U.S. Analysts say STRC stock is struggling as Bitcoin’s price, currently at $64,000 U.S., remains in a slump. However, analysts also say there are concerns about the dividend’s sustainability. In late May, Strategy sold 32 Bitcoin for proceeds of $2.5 million U.S. to help fund its monthly distributions on STRC stock. It was the first time that Strategy sold any Bitcoin since 2022. MSTR stock has declined 68% in the last 12 months to trade at $116.56 U.S. per share.