Strategy Stretched Thin As Preferred Stock Hits New Low
Strategy’s preferred stock, STRC, once hailed as a beacon for everyday investors seeking yield in the digital finance era, has stumbled to its lowest level since debuting last July. Closing at $82.53 on Tuesday, the instrument’s sharp decline has exposed a widening divide among savers—between those clinging to the promise of “digital credit” and those unnerved by the volatility that has shaken confidence in recent weeks.
At the heart of...
