STRC drops below $82, hitting a new all-time low

According to Odaily, on June 25, STRC, the preferred stock issued by Strategy, fell below $82, currently quoting at $81.83, marking a new historical low with a decline of 6.3%.

If the price of STRC significantly falls below its par value, it indicates that the market is demanding a higher yield as compensation, also reflecting a decline in investor confidence in its credit status or the stability of future dividends. Since Strategy has heavily relied on issuing STRC to raise funds for purchasing Bitcoin, when STRC trades below par value for an extended period, the company's cost of issuing new shares will rise significantly, effectively meaning it needs to pay a higher interest rate to borrow funds.