PANews June 26 news, according to CoinDesk, the 90-day correlation between Strategy perpetual preferred stock STRC and Bitcoin’s price has climbed to nearly 0.70, the highest level since the product launched in July 2025. This month STRC fell 23% to $76, while BTC price dropped nearly 20% to below $60,000, with both weakening in tandem. This increasingly tight link weakens STRC’s appeal as a relatively stable yield instrument for investors seeking fixed income.

STRC is designed as a hybrid product: a variable-rate perpetual preferred stock with a $100 par value, paying monthly cash dividends at a current annualized dividend yield of 11.5%. When the share price is above par, the company can raise funds via at-the-market offerings to buy Bitcoin. But STRC is currently well below par, limiting the company’s ability to finance coin purchases. Strategy has recently made small BTC sales to cover dividend expenses, marking a shift from its long-standing “never sell” stance. Market views are split: some investors see the current discount as an attractive entry opportunity for yield-oriented capital, while others worry that persistent weakness may pressure the capital structure.