The Strategy Preferred Stock (STRC) has experienced a significant price divergence, with the company claiming that "Selling coins can cover 32 years of dividends" in an attempt to stabilize the market.

BlockBeats News, June 18th, according to Bitget market data, the price of 「Stretch」, a variable interest perpetual preferred stock STRC issued by Strategy, plummeted to a recent low, closing at $88.9.

STRC is a preferred stock that Strategy issued to the market to finance the purchase of Bitcoin, with a face value roughly pegged to $100, offering a high dividend. The dividend rate will adjust according to the price situation, aiming to keep the trading price as close to the face value as possible. The significant deviation of STRC from its peg indicates that the market demands a higher yield, and also reflects a decreased confidence from investors in its creditworthiness/dividend stability. Strategy previously relied heavily on issuing STRC to finance the Bitcoin purchase; if the STRC price is below the face value, issuing new STRC is no longer cost-effective for the company, equivalent to borrowing money at a higher cost. As a result, its "ability to continue buying Bitcoin" will be weakened.

In response, Strategy posted data on social media stating: "The company's Bitcoin reserves are sufficient to cover 32 years of dividends" in an attempt to stabilize the market.