Strategy Bitcoin Collateralized Preferred Stock STRC closes at its third lowest price since listing

According to CoinDesk, Strategy's bitcoin-collateralized preferred shares STRC closed at $91.79 on Tuesday, marking the third-lowest closing price since trading began in July 2025 and nearly an 8% drop from the $100 face value. Since the ex-dividend date on May 15, STRC has not returned to the $100 level, influenced by concerns over the bitcoin price of about $65,000 and dividend coverage, with Strategy currently having only about seven months of dividend payment capacity remaining.