MSTR's STRC returns to $100 par, poised to unlock more BTC accumulation

MicroStrategy's (MSTR) perpetual preferred equity, STRC, has returned to its $100 par value during Wednesday's trading session, a level it last reached in mid-January. This recovery is significant because when STRC trades at or above par, it allows MicroStrategy, the world's largest corporate bitcoin holder, to resume at-the-market (ATM) offerings to fund additional bitcoin acquisitions. STRC had previously dipped to $93 following Bitcoin's retreat to $60,000 on February 5th. Positioned as a short-duration, high-yield instrument, STRC offers an 11.25% annual dividend, with the rate reset monthly to incentivize trading near par. Meanwhile, MSTR common stock slid 5% to close at $126 as Bitcoin hovered around $67,500.

(Source：CoinDesk)