Strategy Inc.'s STRC Preferred Stock Outperforms Bitcoin by 56%
Strategy Inc.'s STRC preferred stock has been performing well, rising by 9% over the past year. This outperforms Bitcoin, which fell by a significant 47% during the same period. Other preferred securities from Strategy saw losses ranging from 8% to 27%, while the company's common stock dropped approximately 76%. The STRC preferred stock offers a variable dividend rate, with a recent rate of 12%. This is part of Strategy's digital credit funding approach.
Strategy continues to use Bitcoin sales to fund dividends and aims to balance income generation with Bitcoin's volatility. Despite the positive return on STRC, it has traded below its $100 value and the company has been buying back shares to support the price.