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Strategy (MSTR) is shifting its preferreds—STRK, STRF, STRD, STRC—to daily dividends, aiming to mask volatility and adapt to rising rates. STRK stands out as the only Buy, offering seniority, capital protection, and BTC upside, while STRC provides higher current yield but greater risk. STRC's heavy issuance increased MSTR's leverage, raising solvency concerns and prompting buybacks funded by BTC sales.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ: STRC - Get Free Report) declared a dividend on Monday, August 31st. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.50 per share on Thursday, October 15th. The ex-dividend date is Wednesday, September 30th. Strategy Inc Variable Rate Series A
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ: STRC - Get Free Report) Director Jarrod Patten sold 1,425 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $167.33, for a total value of $238,445.25. Following the sale, the director owned 28,406 shares
Strategy surged 18% to lead the Nasdaq on Thursday, yet its shareholders are sitting on a loss that dwarfs bitcoin's own slide over the past year.
Strategy is no longer buying Bitcoin. That should concern investors.
Strategy NASDAQ: MSTR executives said the company's near-term priority is strengthening its digital credit business, particularly its STRC preferred instrument, rather than repurchasing common shares or paying a dividend on MSTR stock.
Michael Saylor built his fortune and his reputation on a single promise: never sell bitcoin. Strategy has now broken that promise multiple times in quick succession, but one specific number buried in its preferred stock data reveals exactly when the selling stops.
Strategy Inc. is no longer attractive due to the collapse of its premium to BTC and excessive leverage risk. MSTR's business model—issuing equity at a premium to buy BTC—faces challenges now that the premium has vanished. Pairing a long in STRF (senior preferred) with a short in STRC (junior preferred) offers safer, asymmetric exposure with superior downside protection.