Michael Saylor’s STRC has been off parity for five months
Despite Strategy’s attempts to bring STRC back to par, the perps have stubbornly remained below parity since May 15.
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Despite Strategy’s attempts to bring STRC back to par, the perps have stubbornly remained below parity since May 15.
Read more (2 min) →Strategy’s USD Cash pile has plummeted 60% from $1.61B in late August to just $640.5M a few days ago.
It has been a year since Michael Saylor’s Strategy launched STRC, and the price of MSTR has declined 75% since it started trading.
The effective yield of STRC is 14% with a 28% total return on offer, yet it still cannot hold the $100 par value that Strategy intends.
With the price of BTC and Strategy crashing, Michael Saylor grew frustrated with another reporter’s questions, ending the interview cold.
A new audit of Michael Saylor’s posts charts the moment BTC's loudest evangelist switched his focus to credit.
Strategy announces unprecedented plan to sell BTC to pay for dividends and buy-back MSTR, STRC, and its other stocks.
— Michael Saylor, MicroStrategy
Strategy’s dividend-paying STRC hit another all-time low today after losing one quarter of its value over the past 30 days alone.
STRC traded as low as $73.62 on the Nasdaq today — 26.4% below the $100 price that the stock is meant to hold.
Strategy once claimed to have seven decades of dividend coverage from its BTC holdings. Now it has only three.