PANews reported on May 29th that, according to CoinDesk, Strategy's perpetual preferred stock, STRC, fell to $97.11 on Thursday before closing at $98.57, deviating from its $100 par value target and raising concerns about its ability to continue raising funds through ATMs. The report stated that after Strategy recently repurchased its 0% convertible bonds maturing in 2029 with $1.5 billion in cash, its dollar cash reserves decreased from approximately $2.25 billion to $871 million, enough to cover its current annual preferred stock dividend obligation of approximately $1.7 billion for only about six months, far below the originally set 24-month coverage period. Chairman Michael Saylor stated that future fundraising may involve selling Bitcoin, issuing new shares when the MSTR premium is higher than 1.22 times NAV, or continuing to issue STRC, with the key decision being to ensure that "each Bitcoin" is not diluted. In contrast, competitor Strive's SATA preferred stock remains around $100, with a dividend yield of about 13%, and the company has cleared all the debt it assumed from the acquisition of Semler Scientific.