Strategy perpetual preferred stock STRC returns to a par value of $100 for the first time since mid-January

According to CoinDesk, the perpetual preferred stock STRC issued by Strategy has re-entered the $100 par value during U.S. trading hours on Wednesday, marking the first time since mid-January.

This price level is a critical threshold for the company to initiate a market price issuance to further increase its Bitcoin holdings. STRC reached $100 on January 16, when Bitcoin was around $97,000. On February 5, when Bitcoin fell to $60,000, STRC briefly dipped to $93, but has recently recovered its par value with the market rebound. This product employs a monthly dividend reset mechanism, with a current annualized dividend yield of 11.25%, aimed at smoothing volatility and incentivizing the trading price to approach par value.