Strategy CEO Phong Le reiterates his confidence in STRC returning to its intended $100 par value
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Promote with Leviathan News$STRC closed at $88.59 and was $88.83 after-hours, so par needs roughly 13% price appreciation before the 11.5% coupon even matters. On a ~$10.5B preferred stack, every 50 bp step-up adds about $52M of annual carry; semi-monthly payouts smooth the ex-date wobble, but sub-$100 STRC makes preferred-funded BTC accumulation more expensive exactly when MSTR needs market access most.
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