Why Did Strategy STRC Stock Falls 5.3% Below Par Despite Attractive Yields?
The Bitcoin-backed preferred stock of Strategy, STRC, plunged as much as 5.3% below its $100 par value on June 3, even as it offers a high annual dividend yield (about 11.5%). This one-day drop erased roughly five months of STRC’s dividend income in one session. The sell-off also forced STRC-linked crypto products off their $1 pegs.