Strategy's STRC Closes at $94.65, 5% Under $100 Par, Sparking Debate on Risks

Strategy's preferred stock STRC ended Wednesday at $94.65, roughly 5% below its $100 par value, prompting fresh debate over whether the move is typical for preferred shares. Supporters argue the discount mainly reflects investors demanding more yield, while critics say a persistent sub-par price could make new issuance harder and raise cash needs as dividend obligations climb.