MicroStrategy's STRC Hits Record Low Amid Concerns Over Bitcoin Funding
MicroStrategy’s preferred stock (STRC) fell to a record low of $88.59, marking more than a 10% decline over the past month and straining its role as a funding channel for Bitcoin purchases. The drop has raised concerns that MicroStrategy may sell additional Bitcoin to cover dividend obligations.
Topics: Bitcoin strategy impact MicroStrategy STRC stock decline