Strategy’s STRC preferred stock closes at $89.15 on June 17, over 11% below $100 par

STRC, Strategy’s variable-rate perpetual preferred stock, ended at $89.15 per share on June 17, more than 11% below its $100 par value. The move has renewed questions about demand for Bitcoin-linked yield products. STRC was built to pay a variable dividend while helping Strategy fund its Bitcoin treasury strategy, but the widening discount is pressuring that approach.