Strategy's Preferred Stock Falls Below Initial Offering Price
The preferred stock of Strategy (NASDAQ: MSTR), known as 'Stretch' (NASDAQ: STRC), has fallen to an all-time low, trading below its initial public offering price. The selloff is attributed to a slump in Bitcoin prices and concerns over the sustainability of high dividend payouts.
Tickers: $MSTR
Topics: Bitcoin dividend sustainability Strategy STRC