#STRCHitsRecordLow
Hey folks, we've got some juicy news from the finance world ๐ฒ๐ฒ๐ฒ. Strategy Inc., led by Michael Saylor, saw a drop ๐ of 3.58% on Tuesday in the price๐ฒ of their perpetual preferred stock STRC, hitting a historic low of $91.79, which is an 8.2% decline from its par value of $100๐ฒ.
This dip isn't just a result of the market underperforming that day; it highlights the direct conflict between Saylor's strategy of continuously stacking Bitcoin ๐ช and the company's payment obligations ๐ต๐ต๐ต to its preferred shareholders ๐ฅ๐ฅ, who are guaranteed an 11.5% dividend. $BTC
Hey folks, we've got some juicy news from the finance world ๐ฒ๐ฒ๐ฒ. Strategy Inc., led by Michael Saylor, saw a drop ๐ of 3.58% on Tuesday in the price๐ฒ of their perpetual preferred stock STRC, hitting a historic low of $91.79, which is an 8.2% decline from its par value of $100๐ฒ.
This dip isn't just a result of the market underperforming that day; it highlights the direct conflict between Saylor's strategy of continuously stacking Bitcoin ๐ช and the company's payment obligations ๐ต๐ต๐ต to its preferred shareholders ๐ฅ๐ฅ, who are guaranteed an 11.5% dividend. $BTC