PANews June 26 news, according to Arkham analysis, Strategy’s STRC perpetual preferred stock has de-pegged, falling about 25% from its face value to $76.2, with an annual dividend yield of 11.5%, requiring approximately $1.2 billion in dividend payments each year. Arkham stressed that Strategy is not legally obligated to pay these dividends, and if the company runs into trouble, STRC shareholders would not need to be prioritized. Unlike Terra LUNA, a decline in STRC’s price does not trigger liquidations; its price only reflects market concerns about Strategy’s ability to pay dividends and raise funds in the future. The current drop stems from investor doubts about the sustainability of dividend payments, rather than structural collapse risk. Arkham believes this will not directly bring down the company, but it could erode investor confidence over the long term — if the market perceives that new financing is only being used to repay old shareholders, future fundraising ability will be weakened.