Crypto
STRC slump raises funding structure debate, putting Strategy\'s bitcoin buying plan to the test
Strategy’s preferred stock STRC, used to fund bitcoin purchases, has fallen below its $100 par value, slowing the company’s pace of additional buys. STRC traded as low as $82.53 and closed at $88.59, fueling debate over the funding structure and affecting market-price issuance. Strategy increased holdings to 846,842 bitcoin but at a reduced pace, and sold 32 bitcoin in early June to meet dividend obligations. Analysts and critics remain divided as markets watch the next dividend-rate notice due June 30.
