Strategy, formerly MicroStrategy, explained how it keeps its preferred stock STRC near $100. MSTR stock dropped 9% to $154, absorbing Bitcoin volatility to allow STRC to offer stable dollar income. When STRC trades above $100, the company can issue new shares to raise capital; when it falls below, it can buy back shares at a discount to reduce future dividend payments. This strategy helped STRC recover from below $80 in June to near $100 by September.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
