STRC Falls Below $97 as Latest Bitcoin Sale Challenges MicroStrategy’s Capital Turbine
MicroStrategy sold 32 Bitcoin (BTC) between May 26 and May 31 to help fund dividends on its preferred stock, its first such sale since 2022. Now, its STRC shares are trading below their $100 par value. The sale was small next to the 843,706 BTC the company holds. Still, it raised a sharper question for...
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