Saylor Vows to Defend STRC Near $100 With Company Resources

Michael Saylor, CEO of Strategy, has reaffirmed his commitment to maintaining the price of its preferred stock, STRC, near its $100 par value. In a recent statement, Saylor emphasized that the company is prepared to use its resources to support STRC if it trades significantly below par.

The preferred stock was created with a $100 par value and has become an essential part of Strategy's financing strategy. Recent market weakness pushed the security below this level, causing pressure on the structure promoted by Saylor to investors.

STRC is a key component of Strategy's capital strategy, combining its large Bitcoin holdings with a growing portfolio of preferred securities designed to raise capital from investors.