STRC Stuck Below Parity Despite Executive Priority
Strategy's STRC dividend vehicle has been stuck below parity for over four months, and despite executive leadership claiming it as their top priority, it has yet to regain its $100 peg. The asset did briefly approach $99 on Monday but fell back to nearly $97 the next day.
Since breaking parity in April, Strategy's STRC has remained stubbornly off-parity, with no signs of internal purchases beyond repurchasing shares. This shift in business model, where Strategy is buying back its own dividend vehicle instead of Bitcoin, was seen as a positive step towards regaining parity.
The CLARITY Act failing to pass only exacerbated the situation, with Strategy experiencing a 7% drop on the day. Chairman Michael Saylor has continued to promote bullish Bitcoin AI videos, although their relevance to STRC's struggles remains unclear.