Strategy Preferred Stock Breaks Par

New YorkStrategy’s preferred stock broke its $100 peg.

Strategy raises capital for its 11.5% annual payout only when the preferred shares trade near $100; a bitcoin drop to $63,600 eroded that buffer.

Shares fell below $83 Thursday — their lowest since the July 2025 debut — leaving retail yield buyers exposed to bitcoin’s swings.

Sources: CoinDesk