STRC closes at $91.79, about 8% below par as SATA holds near $99.99

Strategy's Bitcoin related preferred stock STRC closed at $91.79, its third lowest since listing in July 2025 and about 8% under its $100 par value. CoinDesk said the price has not recovered since the May 15 ex dividend date as Bitcoin trades near $65,000 and dividend coverage fell to about seven months after $1.5B bond repayment, while Strive's SATA trades near $99.99 with about 13% yield and daily payouts.