#strc

[crypticemerald]

Doodle from a few days ago! have kity storch

[mistywhiskerz]

STORCH REAL!!!!

I had so much fun at the Aberdeen comic con !!

[rwatimes]

STRC Falls 5% Below Par: Normal Preferred Behavior or Warning Sign?

➤ MicroStrategy's preferred stock (STRC) is trading below its $100 par value, prompting debate about its sustainability. ➤ Supporters argue this is normal behavior for preferred securities, reflecting market demand for higher yields, while critics view it as a warning sign of financial strain. ➤ Concerns center on MicroStrategy's ability to cover its preferred dividend obligations and fund its Bitcoin strategy if it cannot issue new shares at par.

[rwatimes]

Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug

➤ Apyx's apxUSD stablecoin briefly depegged to $0.93 due to the volatility of its underlying preferred equity collateral (STRC). ➤ The protocol states this is an expected feature, not a bug, as preferred equity is inherently more volatile than cash reserves, and STRC has historically reverted to its par value. ➤ Despite market concerns, Apyx asserts its multi-layered peg stability model, including excess collateral and specific lending market mechanics, mitigates liquidation risks.

[finovohub]

Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion

Thomas Lee’s BitMine is turning to the preferred-stock market to raise fresh capital for its Ethereum strategy, offering investors a 9.5% annual payout. On June 3, the company revealed plans to sell 3 million shares of 9.50% Series A perpetual preferred stock with a $100 stated amount, creating a potential $300 million raise. The shares are expected to trade on the New York Stock Exchange under…

Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion

[rwatimes]

Strategy Sells 32 BTC for $2.5M Amid Shift in Financial Strategy | KuCoin

➤ Strategy has sold 32 BTC for $2.5M, a small portion of its holdings, to fund preferred stock payouts, signaling a shift in financial strategy. ➤ The company is prioritizing STRC financing and balance sheet strength over aggressive Bitcoin accumulation, pausing new BTC purchases and repurchasing debt. ➤ This move has drawn criticism but is defended by supporters who note the company's substantial remaining Bitcoin reserves, while management emphasizes shareholder value and Bitcoin per share growth.

[rwatimes]

Strategy (MSTR) Stock Tumbles After Company Sells Bitcoin for First Time in Years

Strategy (MSTR) stock fell 6.5% after liquidating 32 Bitcoin for $2.5M to fund STRC dividends, ending its iconic 'never sell' approach to BTC holdings.

➤ MicroStrategy (MSTR) shares dropped over 6.5% after the company sold 32 Bitcoin for $2.5 million to fund dividend payments on its STRC preferred stock, breaking its long-standing 'never sell' Bitcoin strategy. ➤ CEO Michael Saylor aims to make STRC the 'best credit instrument in the world,' while analysts note this move signals a shift in how the market perceives MicroStrategy's Bitcoin holdings from pure accumulation to a potential liquidity resource. ➤ Despite the sale, MicroStrategy retains over 843,000 BTC, maintaining its position as the largest corporate Bitcoin treasury, though the strategic implications of this sale are significant for future treasury management.

[rwatimes]

Michael Saylor hints at new Bitcoin purchase as STRC dividend vote nears

A familiar Michael Saylor social media post has resurfaced just days before investors vote on a proposal tied to Strategy's preferred stock.

➤ Michael Saylor's company, Strategy, is hinting at a new Bitcoin purchase ahead of a crucial shareholder vote on STRC preferred stock dividends. ➤ The vote on June 7th concerns a proposal to increase STRC dividend payments from monthly to twice a month, requiring majority shareholder approval. ➤ Saylor's public statements and past behavior suggest an imminent announcement of a new Bitcoin acquisition, potentially at a lower average cost than previous buys.