Strategy's preferred stock, STRC, dropped below $95 for the first time in three months, closing at $94.65 as Bitcoin fell to $62,000, according to BeInCrypto. This decline in STRC, designed to offer high yields with less volatility than MSTR, signals investor demand for higher yields amid market turmoil. The drop coincides with over $1.66 billion in crypto liquidations. Strategy's recent Bitcoin sale to fund dividends has further pressured its capital structure, raising concerns about future Bitcoin purchases and cash flow sustainability. A critical shareholder vote on dividend schedule changes looms, testing investor confidence.