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Strategy can’t get STRC back to parity

Strategy’s STRC, which pays twice-monthly dividends on $100/share of par value, fell from parity on May 15 and hasn’t returned.

MSTR has lost 75% of its value since STRC began trading

It has been a year since Michael Saylor’s Strategy launched STRC, and the price of MSTR has declined 75% since it started trading.

Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.

Michael Saylor keeps raising cash for STRC holders who’ve watched him shift his promises, so the discount below par is persisting.

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.