PANews reported on June 17th that, according to CoinDesk, Strategy's Bitcoin-collateralized preferred stock (STRC) closed at $91.79 on Tuesday, the third lowest closing price since trading began in July 2025, down nearly 8% from its $100 par value, well below par. STRC has not returned to the $100 level since its ex-dividend date on May 15th. Influencing factors include: Bitcoin prices under pressure at around $65,000, down about 50% from its all-time high last October; and concerns about dividend coverage, as Strategy currently has only about seven months of dividend payment capacity remaining, whereas previously its cash reserves could cover 24 months.

Increased competition has led Strive's SATA to offer an annualized yield of approximately 13% (higher than STRC's 11.5%), daily dividend payments, and no debt. Currently trading at $99.99, it represents a premium of approximately $8.20 over STRC, the largest spread on record. Based on current dividend yields and market prices, STRC's annualized yield is approximately 12.53%, potentially suggesting that STRC needs to increase by about 100 basis points to revive demand.