STRC Perpetual Preferred Stock Strategy Breaks $100 for First Time Since November

BlockBeats News, January 7th, pre-market today, Strategy's Perpetual Preferred Stock STRC broke $100 for the first time since early November 25th, and after reaching par value, Strategy may issue stock through At-The-Market (ATM) offerings linked to the product's market price, or be able to raise more funds to increase its Bitcoin holdings.

STRC is positioned as a short-term high-yield credit product. Currently, its annual dividend yield is 11%, distributed monthly in cash. The dividend yield is adjusted monthly to encourage the stock price to trade around $100 and help reduce price volatility.