Strategy STRC Falls Below $97, Cash Reserves Drop to Approximately $871 Million

Odaily Planet Daily News: STRC once fell to $97.11, then rebounded and closed at $98.57. Attention is being paid to Strategy's ability to continue using this preferred security as a financing tool through ATM issuance.

After repurchasing $1.5 billion in convertible debt, Strategy's cash reserves dropped to approximately $871 million, only covering about six months of its estimated $1.7 billion annual preferred dividend obligations. Strive's perpetual preferred security SATA remains near its $100 par value, supported by an approximately 13% dividend yield and the company's plan to launch daily dividend payments.