Strategy’s $10 billion STRC Bitcoin yield product sinks to yearly low as market demands higher payout

Strategy’s (formerly MicroStrategy) flagship dividend-paying preferred stock is trading at its weakest level this year, pressuring one of the company’s most important tools for raising capital to buy Bitcoin. The $10.5 billion variable-rate perpetual preferred stock, which trades under the ticker STRC, closed Tuesday at $91.79. The settlement marked its third-lowest close since trading began […] The post Strategy’s $10 billion STRC Bitcoin yield product sinks to yearly low as market demands higher payout appeared first on CryptoSlate.