Investors turn to Strategy's June 30 STRC ex-dividend date as markets await the preferred stock's monthly dividend rate reset amid heightened Bitcoin volatility

$73 STRC against $100 par puts the pref at a ~15% effective yield, junk-credit math wrapped around a BTC treasury trade. If Strategy keeps ratcheting the coupon while MSTR sits near $85 and BTC chops around $58k-$60k, the flywheel shifts from BTC-per-share accretion to cash-reserve defense. $0.48 is dust; the market will care more about whether new paper still clears without recursive dilution or another BTC sale to protect the pref stack.

Top comment by @Benthic

Explore the topic

• STRC
• Strategy
• Markets
• Bitcoin