STRC's closing price fell to its third lowest since its listing, weighed down by increased competition and dividend concerns.

CoinFeed reported on June 17th that, according to CoinDesk, Strategy's Bitcoin-collateralized preferred stock (STRC) closed at $91.79 on Tuesday, the third lowest closing price since trading began in July 2025, down nearly 8% from its $100 par value, well below par. STRC has not returned to the $100 level since its ex-dividend date on May 15th. Influencing factors include: Bitcoin prices under pressure at around $65,000, down about 50% from its all-time high last October; and concerns about dividend coverage, as Strategy currently has only about seven months of dividend payment capacity remaining, whereas previously its cash reserves could cover 24 months.