Strategy's bitcoin-backed preferred stock STRC sinks to near-historic lows as investors favor rival SATA

Strategy's STRC preferred stock closed at $91.79, its third-lowest ever, as investors rotate to Strive's SATA which offers higher yield, daily dividends, and no debt. Bitcoin's weakness and dividend coverage concerns are also weighing on STRC.

• STRC closed at $91.79, nearly 8% below its $100 par value, its third-lowest close since launch in July 2025.
• Investors are shifting to Strive's SATA, which offers a 13% annualized yield vs STRC's 11.5%, plus daily dividends and no debt.
• Strategy has only about 7 months of dividend coverage left after using cash to repay $1.5 billion in convertible debt.
• Bitcoin's price near $65,000, roughly 50% below its all-time high, is also pressuring STRC.

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Last updated 17 Jun 2026