STRC Preferred Stock Surges Amid Saylor's BTC Sale

STRC preferred stock has seen significant gains in recent weeks, climbing 32.8% to trade near $94.55 in just 42 days.

This uptick comes as Michael Saylor sold over 5,200 BTC for $321 million to bolster the security and build a substantial cash reserve of $4 billion that covers two and a half years of dividends.

Meanwhile, Bitcoin's price action shows a bullish trend on the four-hour chart with support from EMA50 at $64,033.31 and EMA200 at $63,653.33.