STRC traded as low as $82.61 on June 18 before recovering to $88.59, nearly 17% below its $100 stated amount at the intraday low. Strategy’s 11.5% annualized dividend rate implies about $1.21 billion in STRC-only annual dividend costs. Strategy disclosed a 32 BTC sale and later bought 1,550 BTC, bringing total holdings to 845,256 BTC as of June 7.